Renew (LON:RNWH) Earns Buy Rating from Berenberg Bank

Renew (LON:RNWH)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a research report issued on Thursday, Digital Look reports. They presently have a GBX 1,320 price target on the stock. Berenberg Bank‘s target price points to a potential upside of 22.45% from the company’s current price.

Separately, Deutsche Bank boosted their target price on shares of Renew from GBX 1,220 to GBX 1,260 and gave the stock a “buy” rating in a report on Thursday, October 29th. Four research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Renew currently has a consensus rating of “Buy” and an average price target of GBX 1,182.50.

Renew Price Performance

Shares of RNWH stock opened at GBX 1,078 on Thursday. Renew has a 1-year low of GBX 821 and a 1-year high of GBX 1,122. The stock’s 50-day moving average is GBX 963.57 and its 200 day moving average is GBX 921.56. The company has a market cap of £853.39 million, a P/E ratio of 20.19 and a beta of 0.84. The company has a debt-to-equity ratio of 12.90, a current ratio of 0.91 and a quick ratio of 0.81.

About Renew

Renew Holdings Group plc is a leading UK Engineering Services business, performing a critical role in keeping the nation’s infrastructure functioning efficiently and safely. The Group operates through independently branded subsidiaries across its chosen markets, delivering non-discretionary maintenance and renewal tasks through its highly skilled, directly employed workforce. Renew’s activities are focused on Engineering Services in the key markets of Rail, Infrastructure, Energy (including Wind and Nuclear) and Environmental which are largely governed by regulation and benefit from non-discretionary spend with long-term visibility of committed funding.