Renew (LON:RNWH) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Renew Holdings plc (LON:RNWH)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 902.84 and traded as high as GBX 927. Renew shares last traded at GBX 920, with a volume of 2,476,951 shares traded.

Analyst Upgrades and Downgrades

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

Renew Price Performance

The stock has a fifty day moving average of GBX 888.69 and a two-hundred day moving average of GBX 902.84. The stock has a market capitalization of £727.52 million, a price-to-earnings ratio of 17.22 and a beta of 0.77. The company has a current ratio of 0.91, a quick ratio of 0.81 and a debt-to-equity ratio of 12.90.

Renew (LON:RNWH) last issued its quarterly earnings data on Tuesday, May 12th. The company reported GBX 30.90 earnings per share (EPS) for the quarter. The firm had revenue of £574.29 million during the quarter. Renew had a return on equity of 17.24% and a net margin of 3.81%.

About Renew