Renew (LON:RNWH) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Renew Holdings plc (LON:RNWH) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 902.84 and traded as high as GBX 927. Renew shares last traded at GBX 920, with a volume of 2,476,951 shares.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,220 target price on shares of Renew in a research note on Wednesday, May 13th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 1,172.50.

Renew Stock Performance

The company has a market capitalization of £727.52 million, a P/E ratio of 17.22 and a beta of 0.77. The firm has a 50 day moving average price of GBX 888.69 and a two-hundred day moving average price of GBX 902.84. 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 earnings results on Tuesday, May 12th. The company reported GBX 30.90 earnings per share (EPS) for the quarter. The business had revenue of £574.29 million during the quarter. Renew had a return on equity of 17.24% and a net margin of 3.81%.

Renew Company Profile