Renew (LON:RNWH) Share Price Passes Below 200 Day Moving Average - Here's Why

Key Points

• Shares fell below the 200-day moving average (GBX 900.20), trading as low as GBX 831.58 and last at GBX 837 on volume of 120,486, a drop of about 1.6%.
• Peel Hunt reissued a Buy rating with a GBX 1,300 target; the consensus from four analysts is also Buy with an average price target of GBX 1,267.50.
• Renew has a market cap of £662.6m and a P/E of 13.57 with beta 0.77, but shows weak short-term liquidity (current ratio 0.88, quick ratio 0.81) and a reported debt-to-equity of 11.50.

Renew Holdings plc (LON:RNWH - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 900.20 and traded as low as GBX 831.58. Renew shares last traded at GBX 837, with a volume of 120,486 shares trading hands.

Analyst Ratings Changes

Separately, 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. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of GBX 1,267.50.

Renew Stock Down 1.6%

The company's fifty day simple moving average is GBX 911.57 and its 200-day simple moving average is GBX 900.20. The firm has a market capitalization of £662.60 million, a PE ratio of 13.57 and a beta of 0.77. The company has a debt-to-equity ratio of 11.50, a current ratio of 0.88 and a quick ratio of 0.81.

Renew Company Profile

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