Renewi (LON:RWI) Stock Price Up 1.2% – Here’s Why

Shares of Renewi plc (LON:RWI) traded up 1.2% during trading on Thursday . The company traded as high as GBX 618 ($8.04) and last traded at GBX 615 ($8.01). 73,440 shares changed hands during trading, a decline of 56% from the average session volume of 166,222 shares. The stock had previously closed at GBX 608 ($7.91).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 710 ($9.24) price target on shares of Renewi in a research note on Tuesday, August 6th.

Renewi Price Performance

The company has a current ratio of 0.54, a quick ratio of 0.59 and a debt-to-equity ratio of 221.34. The company has a market cap of £491.75 million, a P/E ratio of 1,366.67, a P/E/G ratio of 0.38 and a beta of 1.24. The firm has a 50 day moving average of GBX 629 and a 200-day moving average of GBX 642.32.

Renewi Company Profile

Renewi plc, together with its subsidiaries, provides waste-to-product services. The company operates through Commercial Waste, Mineralz & Water, and Specialities segments. The Commercial Waste segment engages in the collection and treatment of commercial waste in the Netherlands and Belgium; and processing of wood, aggregates, plastics, paper products, and organic waste.