Renew (LON:RNWH) Receives "Buy" Rating from Shore Capital

Key Points

• Renew Holdings (LON:RNWH) has received a "buy" rating restated by Shore Capital, highlighting positive sentiment in the market.
• Berenberg Bank has also set a target price of GBX 1,200 on Renew shares, indicating strong expectations for future performance.
• The stock currently has an average rating of "Buy" with a market capitalization of £633.51 million and notable share performance indicators, including a 50-day moving average of GBX 824.48.

Shore Capital reiterated their buy rating on shares of Renew (LON:RNWH - Free Report) in a research note released on Friday morning, MarketBeat reports.

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,200 price objective on shares of Renew in a research report on Tuesday, September 2nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Renew has an average rating of "Buy" and a consensus price target of GBX 1,200.

Renew Stock Performance

RNWH stock traded up GBX 1.30 during mid-day trading on Friday, reaching GBX 793.30. 115,659 shares of the stock traded hands, compared to its average volume of 249,933. 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 52 week low of GBX 590.55 and a 52 week high of GBX 1,296. The business has a 50-day moving average of GBX 823.54 and a two-hundred day moving average of GBX 776.53. The firm has a market capitalization of £627.95 million, a PE ratio of 1,388.34 and a beta of 1.06.

About Renew