Renew (LON:RNWH) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Renew Holdings plc (LON:RNWH)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 907.85 and traded as low as GBX 891. Renew shares last traded at GBX 896.33, with a volume of 151,406 shares changing hands.

Analyst Ratings Changes

A number of research firms have issued reports on RNWH. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,220 target price on shares of Renew in a research note on Wednesday, May 13th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,320 price target on shares of Renew in a research note on Wednesday, April 1st. Finally, Shore Capital Group reaffirmed a “buy” rating and issued a GBX 850 price target (down from GBX 1,350) on shares of Renew in a research note on Wednesday, April 1st. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 1,172.50.

Renew Trading Up 1.3%

The business’s 50 day moving average price is GBX 900.99 and its two-hundred day moving average price is GBX 907.83. The company has a market capitalization of £716.43 million, a price-to-earnings ratio of 14.68 and a beta of 0.89. The company has a debt-to-equity ratio of 12.90, a quick ratio of 0.81 and a current ratio of 0.91.

Renew (LON:RNWH) last issued its quarterly earnings results on Tuesday, May 12th. The company reported GBX 30.90 earnings per share for the quarter. The company had revenue of £574.29 million during the quarter. Renew had a net margin of 3.81% and a return on equity of 17.24%.

About Renew