Renew (LON:RNWH) Shares Pass Above 200 Day Moving Average of $989.31

Renew Holdings plc (LON:RNWH)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 989.31 ($12.85) and traded as high as GBX 1,090 ($14.16). Renew shares last traded at GBX 1,084 ($14.09), with a volume of 132,685 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Berenberg Bank raised their price target on shares of Renew from GBX 1,200 ($15.59) to GBX 1,250 ($16.24) and gave the stock a “buy” rating in a report on Tuesday, June 11th. Shore Capital reiterated a “buy” rating on shares of Renew in a report on Wednesday, June 12th.

Renew Trading Down 0.2 %

The company has a current ratio of 0.95, a quick ratio of 0.81 and a debt-to-equity ratio of 10.41. The firm has a market cap of £856.29 million, a PE ratio of 1,745.16 and a beta of 1.07. The firm has a fifty day simple moving average of GBX 1,073.64 and a two-hundred day simple moving average of GBX 990.83.

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.