Renew (LON:RNWH) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Renew Holdings plc (LON:RNWH)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 911.78 and traded as low as GBX 898. Renew shares last traded at GBX 904, with a volume of 330,125 shares.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,320 price objective on shares of Renew in a research note on Wednesday, April 1st. Shore Capital Group reaffirmed a “buy” rating and set a GBX 850 price objective (down from GBX 1,350) on shares of Renew in a research note on Wednesday, April 1st. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 1,172.50.

Renew Trading Up 2.0%

The company has a fifty day simple moving average of GBX 903.49 and a two-hundred day simple moving average of GBX 911.78. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 11.50. The stock has a market capitalization of £729.89 million, a P/E ratio of 14.95 and a beta of 0.78.

Renew Company Profile