Renew (LON:RNWH) Stock Price Crosses Above Fifty Day Moving Average of $382.26

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Shares of Renew Holdings Plc (LON:RNWH) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $382.26 and traded as high as $414.00. Renew shares last traded at $401.00, with a volume of 71,409 shares trading hands.

A number of research firms have recently issued reports on RNWH. Liberum Capital restated a “hold” rating on shares of Renew in a research report on Tuesday, November 26th. Peel Hunt reiterated a “buy” rating on shares of Renew in a research report on Tuesday, November 26th. Peel Hunt reissued a “buy” rating and set a GBX 500 ($6.53) price objective on shares of Renew in a research note on Tuesday, October 1st. Finally, Shore Capital restated a “buy” rating on shares of Renew in a report on Tuesday, November 26th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of GBX 453.33 ($5.92).

The company has a debt-to-equity ratio of 29.95, a current ratio of 0.76 and a quick ratio of 0.73. The business’s 50 day simple moving average is GBX 383.26 and its 200 day simple moving average is GBX 396.90. The company has a market capitalization of $316.38 million and a PE ratio of 14.35.

Renew (LON:RNWH) last posted its quarterly earnings results on Tuesday, November 26th. The company reported GBX 40.40 ($0.53) earnings per share for the quarter, beating the consensus estimate of GBX 39.10 ($0.51) by GBX 1.30 ($0.02). As a group, analysts anticipate that Renew Holdings Plc will post 3915.0001272 EPS for the current year.

The firm also recently declared a dividend, which will be paid on Friday, March 6th. Stockholders of record on Thursday, January 30th will be issued a dividend of GBX 7.67 ($0.10) per share. The ex-dividend date of this dividend is Thursday, January 30th. This is a boost from Renew’s previous dividend of $3.83. This represents a dividend yield of 1.92%. Renew’s dividend payout ratio is currently 0.41%.

In other Renew news, insider Sean Wyndham-Quin acquired 2,725 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was purchased at an average cost of GBX 367 ($4.80) per share, with a total value of £10,000.75 ($13,067.75).

About Renew (LON:RNWH)

Renew Holdings plc provides multidisciplinary engineering services to the energy, environmental, infrastructure, and specialist building sectors in the United Kingdom. Its services in the energy sector include operational support and asset care; critical planned and reactive maintenance and renewals; civil, mechanical, and electrical engineering; nuclear decommissioning and decontamination; and specialist fabrication and manufacturing.

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