Renew (LON:RNWH) Earns Buy Rating from Berenberg Bank

Key Points

• Berenberg Bank has restated a "buy" rating for Renew (LON:RNWH) and set a price target of GBX 1,200, suggesting a potential upside of 28.41% from the current stock price.
• Shore Capital and Peel Hunt also issued "buy" ratings with price targets of GBX 1,350 and GBX 1,300, respectively, contributing to an average price target of GBX 1,283.33 across three analysts.
• As of Monday, Renew's shares traded at GBX 934.50, showing a 52-week high of GBX 1,296 and a low of GBX 590.55.

Renew (LON:RNWH - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Berenberg Bank in a research report issued on Monday,Digital Look reports. They presently have a GBX 1,200 price objective on the stock. Berenberg Bank's price target would indicate a potential upside of 28.41% from the stock's current price.

Other research analysts have also recently issued reports about the stock. Shore Capital reissued a "buy" rating and issued a GBX 1,350 price target on shares of Renew in a report on Monday. Peel Hunt reissued a "buy" rating and issued a GBX 1,300 price target on shares of Renew in a report on Monday. Three research analysts have rated the stock with a Buy rating, According to 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 1.7%

Shares of LON:RNWH opened at GBX 934.50 on Monday. Renew has a 52-week low of GBX 590.55 and a 52-week high of GBX 1,296. The company has a market capitalization of £739.72 million, a P/E ratio of 1,635.46 and a beta of 1.06. The company has a 50-day simple moving average of GBX 832.01 and a 200 day simple moving average of GBX 800.17. The company has a debt-to-equity ratio of 37.10, a quick ratio of 0.81 and a current ratio of 0.93.

About Renew

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