Renew’s (RNWH) Buy Rating Reaffirmed at Berenberg Bank

Renew (LON:RNWH)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a report issued on Wednesday,London Stock Exchange reports. They currently have a GBX 1,320 price objective on the stock. Berenberg Bank’s price objective would indicate a potential upside of 48.15% from the stock’s previous close.

Several other research analysts have also commented on RNWH. Shore Capital Group restated a “buy” rating and set a GBX 850 price target on shares of Renew in a research report on Wednesday. Peel Hunt reiterated a “buy” rating and issued a GBX 1,300 price objective on shares of Renew in a report on Friday, December 26th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 1,172.50.

Renew Trading Up 4.8%

Shares of LON:RNWH traded up GBX 41 during mid-day trading on Wednesday, reaching GBX 891. 230,638 shares of the company were exchanged, compared to its average volume of 268,259. Renew has a 1 year low of GBX 590.55 and a 1 year high of GBX 978. The company has a debt-to-equity ratio of 11.50, a current ratio of 0.88 and a quick ratio of 0.81. The firm’s 50-day simple moving average is GBX 909.41 and its 200 day simple moving average is GBX 902.19. The firm has a market cap of £705.35 million, a price-to-earnings ratio of 14.45 and a beta of 0.77.

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