Berenberg Bank Boosts Renew (LON:RNWH) Price Target to GBX 1,250

Renew (LON:RNWHFree Report) had its price target hoisted by Berenberg Bank from GBX 1,200 ($15.28) to GBX 1,250 ($15.92) in a research report sent to investors on Tuesday, reports. The brokerage currently has a buy rating on the stock.

Separately, Shore Capital reaffirmed a buy rating on shares of Renew in a report on Wednesday.

Check Out Our Latest Stock Report on RNWH

Renew Stock Performance

RNWH stock opened at GBX 1,074 ($13.68) on Tuesday. The firm has a market cap of £849.96 million, a PE ratio of 1,732.26 and a beta of 0.97. The company has a quick ratio of 0.81, a current ratio of 0.95 and a debt-to-equity ratio of 10.41. The business has a 50 day moving average of GBX 998.46 and a 200-day moving average of GBX 908.42. Renew has a 12-month low of GBX 672 ($8.56) and a 12-month high of GBX 1,098 ($13.98).

Renew Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Thursday, June 6th will be issued a dividend of GBX 6.33 ($0.08) per share. This represents a yield of 0.63%. The ex-dividend date is Thursday, June 6th. Renew’s dividend payout ratio (DPR) is 2,903.23%.

About Renew

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Renew Holdings plc operates as a contractor in the field of engineering services and specialist building in the United Kingdom. The company engages in the provision of services to the rail, telecoms, water, highways, and energy networks. It offers operational support and asset care; critical planned and reactive maintenance and renewals; civil, mechanical, and electrical engineering services; geotechnical and earthworks; plant, power, and signaling renewals; 24/7 emergency services; asset renewal and refurbishment; tunnel and shaft refurbishment, fencing, and devegetation; and in-house design services, as well as wireless telecoms installations; critical planned and reactive maintenance and renewals; acquisition, planning and design services; 3G, 4G, 5G, and Wi-Fi technologies; temporary sites and special events; and maintenance and decommissioning services.

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