Renew (LON:RNWH) Shares Pass Below 200 Day Moving Average – Time to Sell?

Renew Holdings plc (LON:RNWH) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 900.98 and traded as low as GBX 888. Renew shares last traded at GBX 892, with a volume of 116,436 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RNWH shares. Shore Capital Group reiterated a “buy” rating and set a GBX 850 price target (down from GBX 1,350) on shares of Renew in a research report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,220 target price on shares of Renew in a research note on Wednesday, May 13th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,320 target price on shares of Renew in a report on Wednesday, April 1st. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 1,172.50.

Renew Stock Down 2.2%

The stock has a market capitalization of £706.14 million, a P/E ratio of 16.71 and a beta of 0.77. The company has a debt-to-equity ratio of 12.90, a current ratio of 0.91 and a quick ratio of 0.81. The stock’s fifty day moving average is GBX 886.47 and its two-hundred day moving average is GBX 900.98.

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

Renew Company Profile