Renew (LON:RNWH) Reaches New 12-Month High at $1,100.00

Renew Holdings plc (LON:RNWH)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 1,100 ($13.91) and last traded at GBX 1,096 ($13.86), with a volume of 92646 shares traded. The stock had previously closed at GBX 1,074 ($13.58).

Wall Street Analysts Forecast Growth

RNWH has been the subject of several recent research reports. Shore Capital reissued a “buy” rating on shares of Renew in a research report on Wednesday, June 12th. Berenberg Bank increased their price objective on shares of Renew from GBX 1,200 ($15.18) to GBX 1,250 ($15.81) and gave the stock a “buy” rating in a research report on Tuesday, June 11th.

Renew Stock Up 1.4 %

The firm’s 50-day moving average price is GBX 1,041.74 and its 200-day moving average price is GBX 933.53. The company has a market cap of £862.15 million, a price-to-earnings ratio of 1,732.26 and a beta of 0.97. The company has a debt-to-equity ratio of 10.41, a current ratio of 0.95 and a quick ratio of 0.81.

Renew Cuts Dividend

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

About Renew

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.