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

Renew Holdings plc (LON:RNWHGet Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 900.98 and traded as low as GBX 888. Renew shares last traded at GBX 892, with a volume of 116,436 shares traded.

Analysts Set New Price Targets

RNWH has been the topic of a number of analyst reports. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 850 price objective (down from GBX 1,350) on shares of Renew in a report on Wednesday, April 1st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,320 price target on shares of Renew in a report on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,220 price objective on shares of Renew in a research report on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 1,172.50.

View Our Latest Research Report on RNWH

Renew Trading Down 2.2%

The firm has a market capitalization of £706.14 million, a P/E ratio of 16.71 and a beta of 0.77. The business’s 50 day moving average is GBX 886.47 and its two-hundred day moving average is GBX 900.98. The company has a quick ratio of 0.81, a current ratio of 0.91 and a debt-to-equity ratio of 12.90.

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

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