Shore Capital Reiterates Buy Rating for Renew (LON:RNWH)

Renew (LON:RNWH)‘s stock had its “buy” rating reiterated by Shore Capital in a research note issued to investors on Tuesday, MarketBeat reports. They presently have a GBX 1,350 target price on the stock. Shore Capital’s price objective would indicate a potential upside of 42.11% from the stock’s previous close.

RNWH has been the subject of several other reports. Peel Hunt reissued a “buy” rating and set a GBX 1,300 price objective on shares of Renew in a research note on Monday, October 13th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,200 target price on shares of Renew in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, Renew has an average rating of “Buy” and a consensus target price of GBX 1,267.50.

Renew Stock Performance

LON RNWH opened at GBX 950 on Tuesday. The company has a market cap of £751.99 million, a P/E ratio of 16.63 and a beta of 1.06. Renew has a 12 month low of GBX 590.55 and a 12 month high of GBX 1,084. The company has a debt-to-equity ratio of 37.10, a current ratio of 0.93 and a quick ratio of 0.81. The company has a 50-day moving average of GBX 903.54 and a 200-day moving average of GBX 852.07.

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

About Renew