Renew (LON:RNWH) Reaches New 52-Week High – Should You Buy?

Renew Holdings plc (LON:RNWH) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 989 and last traded at GBX 971, with a volume of 119541 shares. The stock had previously closed at GBX 970.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,220 price objective on shares of Renew in a research report on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Renew has a consensus rating of “Buy” and an average price target of GBX 1,172.50.

Renew Price Performance

The company has a debt-to-equity ratio of 12.90, a current ratio of 0.91 and a quick ratio of 0.81. The company has a 50-day simple moving average of GBX 917.21 and a 200-day simple moving average of GBX 903.87. The stock has a market cap of £766.31 million, a PE ratio of 18.13 and a beta of 0.77.

About Renew