Renew’s (RNWH) “Buy” Rating Reiterated at Peel Hunt

Renew (LON:RNWH)‘s stock had its “buy” rating restated by equities research analysts at Peel Hunt in a research note issued to investors on Friday, MarketBeat.com reports. They presently have a GBX 1,300 price target on the stock. Peel Hunt’s price target points to a potential upside of 46.07% from the company’s previous close.

RNWH has been the subject of several other research reports. Shore Capital reaffirmed a “buy” rating and set a GBX 1,350 price objective on shares of Renew in a research note on Tuesday, November 25th. Berenberg Bank restated a “buy” rating and issued a GBX 1,200 price target on shares of Renew in a research report on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Renew from GBX 1,200 to GBX 1,220 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 1,267.50.

Renew Price Performance

Shares of LON RNWH traded down GBX 4 during midday trading on Friday, hitting GBX 890. The stock had a trading volume of 30,368 shares, compared to its average volume of 251,314. The stock has a 50 day simple moving average of GBX 915.70 and a 200-day simple moving average of GBX 863.02. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 37.10. The company has a market capitalization of £704.50 million, a PE ratio of 14.43 and a beta of 1.06. Renew has a 1 year low of GBX 590.55 and a 1 year high of GBX 978.

Renew (LON:RNWH) last announced 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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