Renew’s (RNWH) Buy Rating Reiterated at Shore Capital

Shore Capital reiterated their buy rating on shares of Renew (LON:RNWH) in a research report released on Friday, MarketBeat reports.

Separately, Berenberg Bank boosted their target price on Renew from GBX 1,200 ($16.05) to GBX 1,250 ($16.72) and gave the stock a buy rating in a research report on Tuesday, June 11th.

Renew Stock Performance

LON RNWH opened at GBX 1,112 ($14.87) on Friday. The company’s 50 day simple moving average is GBX 1,077.64 and its two-hundred day simple moving average is GBX 1,036.72. 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 has a 1 year low of GBX 672 ($8.99) and a 1 year high of GBX 1,150 ($15.38). The stock has a market capitalization of £880.03 million, a PE ratio of 1,806.45 and a beta of 1.06.

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.