Peel Hunt Reiterates Buy Rating for Renewi (LON:RWI)

Peel Hunt reaffirmed their buy rating on shares of Renewi (LON:RWI) in a research note published on Wednesday morning, Digital Look reports. The brokerage currently has a GBX 60 ($0.78) target price on the stock.

A number of other equities research analysts have also commented on RWI. Numis Securities reissued an under review rating on shares of Renewi in a report on Thursday, May 16th. Peel Hunt reissued a buy rating and set a GBX 60 ($0.78) price objective on shares of Renewi in a report on Wednesday, July 3rd.

Shares of LON:RWI opened at GBX 31.45 ($0.41) on Wednesday. Renewi has a 12 month low of GBX 18.98 ($0.25) and a 12 month high of GBX 64.30 ($0.84). The company’s 50-day moving average price is GBX 30.04 and its two-hundred day moving average price is GBX 29.23. The company has a quick ratio of 0.43, a current ratio of 0.70 and a debt-to-equity ratio of 218.40. The firm has a market cap of $251.65 million and a P/E ratio of -5.52.

About Renewi

Renewi plc provides waste-to-product services in the Netherlands, Belgium, the United Kingdom, Germany, France, Portugal, Canada, Hungary, and Luxembourg. The company operates through Commercial Waste, Hazardous Waste, Monostreams, and Municipal segments. It is involved in the collection and treatment of commercial waste; industrial cleaning and treatment of hazardous waste; and operation of waste management facilities under long-term municipal contracts, as well as waste recycling activities.

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