Renewi PLC (RWI) Given “Buy” Rating at Peel Hunt

Peel Hunt reissued their buy rating on shares of Renewi PLC (LON:RWI) in a report released on Thursday, July 13th. The firm currently has a GBX 110 ($1.43) target price on the stock.

Several other research firms have also recently commented on RWI. Barclays PLC lowered their target price on shares of Renewi PLC from GBX 95 ($1.24) to GBX 88 ($1.15) and set an equal weight rating for the company in a research note on Friday, June 30th. Credit Suisse Group reaffirmed an outperform rating and issued a GBX 115 ($1.50) target price on shares of Renewi PLC in a research note on Thursday, May 18th.

Renewi PLC (LON:RWI) traded up 0.27% on Thursday, reaching GBX 93.75. The company had a trading volume of 1,627,579 shares. The stock has a 50 day moving average price of GBX 88.52 and a 200 day moving average price of GBX 93.89. The stock’s market capitalization is GBX 749.85 million. Renewi PLC has a 52-week low of GBX 78.25 and a 52-week high of GBX 107.00.

COPYRIGHT VIOLATION WARNING: This piece was published by Stock Observer and is the sole property of of Stock Observer. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.thestockobserver.com/2017/08/12/peel-hunt-reaffirms-buy-rating-for-renewi-plc-rwi-updated-updated-updated.html.

The company also recently announced a dividend, which was paid on Friday, July 28th. Shareholders of record on Thursday, June 29th were paid a GBX 2.10 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a yield of 2.22%.

In related news, insider Marina Wyatt purchased 11,600 shares of the firm’s stock in a transaction on Thursday, July 13th. The shares were bought at an average price of GBX 85 ($1.11) per share, for a total transaction of £9,860 ($12,840.21). Also, insider Colin Matthews purchased 62,500 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was bought at an average price of GBX 91 ($1.19) per share, for a total transaction of £56,875 ($74,065.63). Insiders acquired a total of 81,969 shares of company stock valued at $7,421,055 over the last ninety days.

About Renewi PLC

Renewi plc, formerly Shanks Group plc, is a waste-to-product company. The Company operates through five business divisions: Netherlands Commercial, Belgium Commercial, Hazardous Waste, Monostreams and Municipal. The Netherlands Commercial division is engaged in collecting, sorting, treating and recycling commercial and household waste in the Netherlands.

Receive News & Ratings for Renewi PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renewi PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply