Renew (LON:RNWH) Given Buy Rating at Berenberg Bank

Renew (LON:RNWH)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a report released on Thursday, Digital Look reports. They currently have a GBX 1,320 target price on the stock. Berenberg Bank‘s price target would suggest a potential upside of 22.45% from the stock’s current price.

Separately, Deutsche Bank upped their price objective on shares of Renew from GBX 1,220 to GBX 1,260 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Four analysts have rated the stock with a Buy rating. According to MarketBeat, Renew has a consensus rating of “Buy” and an average price target of GBX 1,182.50.

Renew Price Performance

RNWH opened at GBX 1,078 on Thursday. Renew has a 12-month low of GBX 821 and a 12-month high of GBX 1,122. The company has a current ratio of 0.91, a quick ratio of 0.81 and a debt-to-equity ratio of 12.90. The business’s fifty day simple moving average is GBX 963.57 and its 200-day simple moving average is GBX 921.56. The company has a market capitalization of £853.39 million, a price-to-earnings ratio of 20.19 and a beta of 0.84.

About Renew

Renew Holdings Group plc is a leading UK Engineering Services business, performing a critical role in keeping the nation’s infrastructure functioning efficiently and safely. The Group operates through independently branded subsidiaries across its chosen markets, delivering non-discretionary maintenance and renewal tasks through its highly skilled, directly employed workforce. Renew’s activities are focused on Engineering Services in the key markets of Rail, Infrastructure, Energy (including Wind and Nuclear) and Environmental which are largely governed by regulation and benefit from non-discretionary spend with long-term visibility of committed funding.