Peel Hunt Reiterates Buy Rating for Renew (LON:RNWH)

Key Points

• Peel Hunt has reiterated its "buy" rating for Renew (LON:RNWH) with a price target of GBX 1,300, indicating a potential upside of 49.25% from its previous close.
• Other analysts, including Shore Capital and Berenberg Bank, also maintain a "buy" rating with price targets of GBX 1,350 and GBX 1,200, respectively.
• Recently, shares of Renew traded up 7.5%, reaching GBX 871, with a market capitalization of £689.46 million.

Renew (LON:RNWH - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Peel Hunt in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 1,300 price target on the stock. Peel Hunt's price target suggests a potential upside of 49.25% from the company's previous close.

Other equities analysts also recently issued research reports about the stock. Shore Capital reiterated a "buy" rating and issued a GBX 1,350 price target on shares of Renew in a report on Wednesday. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,200 price target on shares of Renew in a research report on Tuesday, September 2nd. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of GBX 1,283.33.

Renew Trading Up 7.5%

Shares of RNWH traded up GBX 61 during trading on Wednesday, reaching GBX 871. 258,844 shares of the company traded hands, compared to its average volume of 249,301. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 37.10. Renew has a twelve month low of GBX 590.55 and a twelve month high of GBX 1,296. The stock has a market cap of £689.46 million, a PE ratio of 1,524.33 and a beta of 1.06. The stock has a 50-day simple moving average of GBX 818.65 and a 200-day simple moving average of GBX 786.53.

About Renew

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