Renew (LON:RNWH) Hits New 52-Week High – What’s Next?

Shares of Renew Holdings plc (LON:RNWH) reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as GBX 1,122 and last traded at GBX 1,109.47, with a volume of 130,820 shares traded. The stock had previously closed at GBX 1,096.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank lifted their target price on Renew from GBX 1,220 to GBX 1,260 and gave the company a “buy” rating in a research report on Thursday, October 29th. Four analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 1,182.50.

Renew Price Performance

The company has a debt-to-equity ratio of 12.90, a quick ratio of 0.81 and a current ratio of 0.91. The stock has a market cap of £859.72 million, a PE ratio of 20.34 and a beta of 0.84. The stock’s 50-day moving average is GBX 963.57 and its two-hundred day moving average is GBX 921.56.

Renew Company Profile

Renew Holdings Group plc is a leading UK Engineering Services business, performing a critical role in keeping the nation’s infrastructure functioning efficiently and safely. The Group operates through independently branded subsidiaries across its chosen markets, delivering non-discretionary maintenance and renewal tasks through its highly skilled, directly employed workforce. Renew’s activities are focused on Engineering Services in the key markets of Rail, Infrastructure, Energy (including Wind and Nuclear) and Environmental which are largely governed by regulation and benefit from non-discretionary spend with long-term visibility of committed funding.