Renew (LON:RNWH) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Renew Holdings plc (LON:RNWH) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 846.97 and traded as high as GBX 901. Renew shares last traded at GBX 891.41, with a volume of 134,559 shares trading hands.

Analysts Set New Price Targets

Several research firms recently commented on RNWH. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,200 target price on shares of Renew in a report on Monday, October 13th. Shore Capital restated a “buy” rating and set a GBX 1,350 target price on shares of Renew in a research report on Monday, October 13th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,300 price target on shares of Renew in a report on Monday, October 13th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 1,283.33.

Renew Stock Down 1.0%

The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 37.10. The company has a market cap of £705.61 million, a PE ratio of 15.60 and a beta of 1.06. The business has a fifty day simple moving average of GBX 889.13 and a two-hundred day simple moving average of GBX 846.97.

Renew Company Profile