Renew (LON:RNWH) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Renew Holdings plc (LON:RNWH) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 913.01 and traded as low as GBX 912. Renew shares last traded at GBX 918, with a volume of 753,874 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RNWH shares. Peel Hunt reissued a “buy” rating and set a GBX 1,300 price target on shares of Renew in a research report on Friday, December 26th. Berenberg Bank reissued a “buy” rating and set a GBX 1,320 price target on shares of Renew in a research report on Wednesday, April 1st. Finally, Shore Capital Group reissued a “buy” rating and set a GBX 850 price target (down from GBX 1,350) on shares of Renew in a research report on Wednesday, April 1st. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 1,172.50.

Renew Price Performance

The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 11.50. The firm’s fifty day simple moving average is GBX 904.94 and its 200-day simple moving average is GBX 913.01. The firm has a market capitalization of £726.73 million, a PE ratio of 14.89 and a beta of 0.78.

About Renew