Berenberg Bank Reaffirms Buy Rating for Renew (LON:RNWH)

Renew (LON:RNWH)‘s stock had its “buy” rating restated by Berenberg Bank in a note issued to investors on Tuesday,London Stock Exchange reports. They presently have a GBX 1,200 price objective on the stock. Berenberg Bank’s target price points to a potential upside of 26.32% from the company’s previous close.

Several other analysts have also recently issued reports on RNWH. Peel Hunt restated a “buy” rating and set a GBX 1,300 price objective on shares of Renew in a research note on Monday, October 13th. Shore Capital reissued a “buy” rating and set a GBX 1,350 price target on shares of Renew in a research report on Monday, October 13th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 1,283.33.

Renew Stock Up 4.1%

RNWH stock traded up GBX 37 during trading on Tuesday, reaching GBX 950. The stock had a trading volume of 606,334 shares, compared to its average volume of 252,730. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 37.10. The firm has a fifty day moving average price of GBX 897.25 and a 200 day moving average price of GBX 850.23. The company has a market capitalization of £751.99 million, a P/E ratio of 16.63 and a beta of 1.06. Renew has a 1-year low of GBX 590.55 and a 1-year high of GBX 1,096.

Renew (LON:RNWH) last released its quarterly earnings results on Tuesday, November 25th. The company reported GBX 67.10 earnings per share for the quarter. Renew had a net margin of 4.45% and a return on equity of 22.35%.

Renew Company Profile