Berenberg Bank Reiterates “Buy” Rating for Renew (LON:RNWH)

Renew (LON:RNWH)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a report issued on Tuesday, Marketbeat reports. They presently have a GBX 1,200 price objective on the stock. Berenberg Bank’s target price points to a potential upside of 26.32% from the company’s current price.

Other analysts also recently issued reports about the stock. Shore Capital reissued a “buy” rating and set a GBX 1,350 target price on shares of Renew in a research note on Monday, October 13th. Peel Hunt reiterated a “buy” rating and issued a GBX 1,300 target price on shares of Renew in a research note on Monday, October 13th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 1,267.50.

Renew Stock Performance

RNWH opened at GBX 950 on Tuesday. Renew has a twelve month low of GBX 590.55 and a twelve month high of GBX 1,084. The business’s 50 day moving average is GBX 903.54 and its 200-day moving average is GBX 852.07. 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 stock has a market cap of £751.99 million, a PE ratio of 16.63 and a beta of 1.06.

Renew (LON:RNWH) last released its earnings results on Tuesday, November 25th. The company reported GBX 67.10 EPS for the quarter. Renew had a net margin of 4.45% and a return on equity of 22.35%.

About Renew