Renew’s (RNWH) “Buy” Rating Reiterated at Berenberg Bank

Renew (LON:RNWH)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a report issued on Tuesday,London Stock Exchange reports. They currently have a GBX 1,200 target price on the stock. Berenberg Bank’s target price points to a potential upside of 26.32% from the stock’s previous close.

Several other research analysts also recently weighed in on RNWH. Shore Capital reaffirmed a “buy” rating and issued a GBX 1,350 target price on shares of Renew in a report on Monday, October 13th. Peel Hunt restated a “buy” rating and set a GBX 1,300 target price on shares of Renew in a research report on Monday, October 13th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 1,283.33.

Renew Stock Up 4.1%

LON RNWH traded up GBX 37 during trading hours on Tuesday, reaching GBX 950. 606,334 shares of the company’s stock traded hands, compared to its average volume of 252,730. The firm has a market cap of £751.99 million, a PE ratio of 16.63 and a beta of 1.06. The company has a debt-to-equity ratio of 37.10, a current ratio of 0.93 and a quick ratio of 0.81. Renew has a 52-week low of GBX 590.55 and a 52-week high of GBX 1,096. The firm has a 50-day simple moving average of GBX 897.25 and a 200 day simple moving average of GBX 850.23.

Renew (LON:RNWH) last posted its earnings results on Tuesday, November 25th. The company reported GBX 67.10 earnings per share (EPS) for the quarter. Renew had a net margin of 4.45% and a return on equity of 22.35%.

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