Renew (LON:RNWH) Sets New 1-Year High at $948.00

Renew Holdings plc (LON:RNWH) shares reached a new 52-week high on Monday . The company traded as high as GBX 948 ($11.91) and last traded at GBX 939 ($11.80), with a volume of 6356 shares changing hands. The stock had previously closed at GBX 937 ($11.77).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “buy” rating on shares of Renew in a report on Tuesday, April 2nd.

Renew Stock Up 1.3 %

The company has a debt-to-equity ratio of 9.85, a current ratio of 0.91 and a quick ratio of 0.81. The business’s fifty day simple moving average is GBX 905.99 and its two-hundred day simple moving average is GBX 842.07. The company has a market cap of £757.37 million, a PE ratio of 1,601.69 and a beta of 0.98.

Renew Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 8th. Stockholders of record on Thursday, February 8th were paid a dividend of GBX 12 ($0.15) per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a dividend yield of 1.52%. This is a boost from Renew’s previous dividend of $6.00. Renew’s payout ratio is currently 3,050.85%.

Renew Company Profile

Renew Holdings plc operates as a contractor in the field of engineering services and specialist building in the United Kingdom. The company engages in the provision of services to the rail, telecoms, water, highways, and energy networks. It offers operational support and asset care; critical planned and reactive maintenance and renewals; civil, mechanical, and electrical engineering services; geotechnical and earthworks; plant, power, and signaling renewals; 24/7 emergency services; asset renewal and refurbishment; tunnel and shaft refurbishment, fencing, and devegetation; and in-house design services, as well as wireless telecoms installations; critical planned and reactive maintenance and renewals; acquisition, planning and design services; 3G, 4G, 5G, and Wi-Fi technologies; temporary sites and special events; and maintenance and decommissioning services.