Renew’s (RNWH) Buy Rating Reaffirmed at Peel Hunt

Renew (LON:RNWH)‘s stock had its “buy” rating restated by equities research analysts at Peel Hunt in a report issued on Wednesday, LSE.Co.UK reports. They presently have a GBX 500 ($6.53) target price on the stock. Peel Hunt’s price objective indicates a potential upside of 27.23% from the stock’s previous close.

A number of other research firms also recently commented on RNWH. Numis Securities restated a “buy” rating on shares of Renew in a report on Thursday, May 16th. Peel Hunt started coverage on Renew in a research report on Wednesday. They issued a “buy” rating and a GBX 500 ($6.53) target price on the stock.

LON:RNWH traded down GBX 2 ($0.03) during trading hours on Wednesday, reaching GBX 393 ($5.14). 13,870 shares of the company were exchanged, compared to its average volume of 82,591. The firm has a market cap of $296.04 million and a price-to-earnings ratio of 14.56. The stock has a 50 day simple moving average of GBX 389.23 and a 200 day simple moving average of GBX 400.18. Renew has a 52-week low of GBX 330 ($4.31) and a 52-week high of GBX 438 ($5.72). The company has a debt-to-equity ratio of 37.90, a current ratio of 0.72 and a quick ratio of 0.71.

In other news, insider Shatish D. Dasani acquired 5,000 shares of Renew stock in a transaction dated Friday, July 5th. The shares were acquired at an average cost of GBX 414 ($5.41) per share, with a total value of £20,700 ($27,048.22).

Renew Company Profile

Renew Holdings plc provides multidisciplinary engineering services to the energy, environmental, infrastructure, and specialist building sectors in the United Kingdom. Its services in the energy sector include operational support and asset care; critical planned and reactive maintenance and renewals; civil, mechanical, and electrical engineering; nuclear decommissioning and decontamination; and specialist fabrication and manufacturing.

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