Renew (LON:RNWH) Hits New 12-Month High at $947.00

Renew Holdings plc (LON:RNWH)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 947 ($11.70) and last traded at GBX 937 ($11.57), with a volume of 151265 shares trading hands. The stock had previously closed at GBX 915 ($11.30).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “buy” rating on shares of Renew in a report on Tuesday, April 2nd.

Renew Trading Up 3.2 %

The firm has a market cap of £747.08 million, a price-to-earnings ratio of 1,600.00 and a beta of 0.98. The business has a 50 day moving average price of GBX 894.64 and a 200-day moving average price of GBX 831.17. The company has a quick ratio of 0.81, a current ratio of 0.91 and a debt-to-equity ratio of 9.85.

Renew Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 8th were issued a dividend of GBX 12 ($0.15) per share. This is a positive change from Renew’s previous dividend of $6.00. This represents a yield of 1.52%. The ex-dividend date was Thursday, February 8th. Renew’s dividend payout ratio (DPR) is currently 3,050.85%.

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.