Renewi (LON:RWI) Cut to “Hold” at Kepler Capital Markets

Kepler Capital Markets cut shares of Renewi (LON:RWI) to a hold rating in a research report report published on Monday morning, Stock Target Advisor reports. The firm currently has GBX 36 ($0.47) price objective on the stock, down from their prior price objective of GBX 41 ($0.54).

RWI has been the subject of a number of other reports. Peel Hunt reiterated a buy rating and issued a GBX 60 ($0.79) target price on shares of Renewi in a research report on Thursday, November 7th. Peel Hunt reiterated a buy rating on shares of Renewi in a research report on Monday.

Shares of LON RWI opened at GBX 36.55 ($0.48) on Monday. The firm has a 50-day simple moving average of GBX 31.85 and a 200-day simple moving average of GBX 30.46. The stock has a market capitalization of $292.85 million and a price-to-earnings ratio of -6.41. The company has a quick ratio of 0.60, a current ratio of 0.79 and a debt-to-equity ratio of 313.72. Renewi has a 52 week low of GBX 18.98 ($0.25) and a 52 week high of GBX 38.45 ($0.51).

The company also recently disclosed a dividend, which was paid on Friday, January 10th. Investors of record on Thursday, November 28th were given a dividend of GBX 0.45 ($0.01) per share. This represents a yield of 1.51%. The ex-dividend date was Thursday, November 28th. Renewi’s payout ratio is currently -0.18%.

In other news, insider Luc Sterckx acquired 100,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of GBX 27 ($0.36) per share, for a total transaction of £27,000 ($35,516.97). Also, insider Toby Woolrych sold 61,535 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of GBX 29 ($0.38), for a total transaction of £17,845.15 ($23,474.28).

About Renewi

Renewi plc provides waste-to-product services in the Netherlands, Belgium, the United Kingdom, Germany, France, Portugal, Canada, Hungary, and Luxembourg. The company operates through Commercial Waste, Hazardous Waste, Monostreams, and Municipal segments. It is involved in the collection and treatment of commercial waste; industrial cleaning and treatment of hazardous waste; and operation of waste management facilities under long-term municipal contracts, as well as waste recycling activities.

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