Renew (LON:RNWH) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Renew Holdings plc (LON:RNWH) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 900.20 and traded as low as GBX 831.58. Renew shares last traded at GBX 837, with a volume of 120,486 shares trading hands.

Analysts Set New Price Targets

Separately, Peel Hunt reissued a “buy” rating and set a GBX 1,300 price objective on shares of Renew in a report on Friday, December 26th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Renew presently has an average rating of “Buy” and an average price target of GBX 1,267.50.

Renew Trading Down 1.6%

The firm has a 50-day simple moving average of GBX 911.57 and a 200-day simple moving average of GBX 900.83. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 11.50. The stock has a market cap of £662.60 million, a PE ratio of 13.57 and a beta of 0.77.

Renew Company Profile