Renew (LON:RNWH) Reaches New 1-Year High at $948.00

Renew Holdings plc (LON:RNWH)’s stock price reached a new 52-week high on Monday . The stock traded as high as GBX 948 ($11.71) and last traded at GBX 939 ($11.60), with a volume of 6356 shares trading hands. The stock had previously closed at GBX 937 ($11.57).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of Renew in a report on Tuesday, April 2nd.

Renew Stock Performance

The stock has a 50-day moving average of GBX 901.63 and a 200-day moving average of GBX 838.24. The firm has a market cap of £744.68 million, a price-to-earnings ratio of 1,588.14 and a beta of 0.98. The company has a debt-to-equity ratio of 9.85, a quick ratio of 0.81 and a current ratio of 0.91.

Renew Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 8th were given a GBX 12 ($0.15) dividend. This represents a yield of 1.52%. The ex-dividend date of this dividend was Thursday, February 8th. This is a positive change from Renew’s previous dividend of $6.00. Renew’s dividend payout ratio (DPR) is currently 3,050.85%.

Renew Company Profile

Renew Holdings plc operates as a contractor in the field of engineering services and specialist building in the United Kingdom. The company engages in the provision of services to the rail, telecoms, water, highways, and energy networks. It offers operational support and asset care; critical planned and reactive maintenance and renewals; civil, mechanical, and electrical engineering services; geotechnical and earthworks; plant, power, and signaling renewals; 24/7 emergency services; asset renewal and refurbishment; tunnel and shaft refurbishment, fencing, and devegetation; and in-house design services, as well as wireless telecoms installations; critical planned and reactive maintenance and renewals; acquisition, planning and design services; 3G, 4G, 5G, and Wi-Fi technologies; temporary sites and special events; and maintenance and decommissioning services.