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Berenberg Bank Reaffirms "Buy" Rating for Renew (LON:RNWH)

Renew logo with Industrials background

Key Points

  • Renew's stock received a reissued "buy" rating from Berenberg Bank, with a target price of GBX 1,200 suggesting a upside potential of 50.19% from its previous close.
  • The stock opened at GBX 799 and has a market cap of £632.46 million, with a PE ratio of 1,398.32.
  • Renew's recent stock performance includes a 12 month low of GBX 590.55 and a high of GBX 1,296, indicating significant volatility in its trading range.
  • Five stocks to consider instead of Renew.

Berenberg Bank reaffirmed their buy rating on shares of Renew (LON:RNWH - Free Report) in a report released on Tuesday morning, Marketbeat.com reports. Berenberg Bank currently has a GBX 1,200 price target on the stock.

Renew Trading Up 1.2%

Shares of Renew stock traded up GBX 10 during trading hours on Tuesday, reaching GBX 813. The stock had a trading volume of 3,026,641 shares, compared to its average volume of 255,702. The firm has a 50 day simple moving average of GBX 826.64 and a two-hundred day simple moving average of GBX 771.16. The firm has a market capitalization of £643.55 million, a price-to-earnings ratio of 1,422.82 and a beta of 1.06. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 37.10. Renew has a 1 year low of GBX 590.55 and a 1 year high of GBX 1,296.

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