Renew (LON:RNWH) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of Renew Holdings plc (LON:RNWH) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 907.85 and traded as low as GBX 891. Renew shares last traded at GBX 896.33, with a volume of 151,406 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RNWH shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,220 target price on shares of Renew in a report on Wednesday, May 13th. Shore Capital Group reiterated a “buy” rating and issued a GBX 850 target price (down from GBX 1,350) on shares of Renew in a report on Wednesday, April 1st. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,320 target price on shares of Renew in a report on Wednesday, April 1st. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Renew has a consensus rating of “Buy” and an average price target of GBX 1,172.50.

Renew Stock Performance

The firm has a market capitalization of £712.48 million, a P/E ratio of 14.60 and a beta of 0.89. The stock has a fifty day simple moving average of GBX 901.09 and a two-hundred day simple moving average of GBX 907.85. The company has a debt-to-equity ratio of 12.90, a current ratio of 0.91 and a quick ratio of 0.81.

Renew (LON:RNWH) last issued its earnings results on Tuesday, May 12th. The company reported GBX 30.90 earnings per share for the quarter. The business had revenue of £574.29 million during the quarter. Renew had a return on equity of 17.24% and a net margin of 3.81%.

Renew Company Profile