Renew (LON:RNWH) Stock Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• Technical signal: Renew (LON:RNWH) crossed below its 200-day moving average (GBX 911.78) on Tuesday, last trading at GBX 904 after hitting GBX 898 on volume of 330,125 shares.
• Analyst outlook: The stock has a consensus Buy rating from four analysts with an average target of GBX 1,172.50 (Berenberg GBX 1,320; Shore Capital lowered its target to GBX 850).
• Key fundamentals: market capitalization £729.9m and P/E 14.95, but tight liquidity (current ratio 0.88, quick ratio 0.81) and a high debt-to-equity ratio of 11.50.

Renew Holdings plc (LON:RNWH - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 911.78 and traded as low as GBX 898. Renew shares last traded at GBX 904, with a volume of 330,125 shares trading hands.

Analysts Set New Price Targets

RNWH has been the subject of a number of recent research reports. Berenberg Bank reissued a "buy" rating and set a GBX 1,320 price target on shares of Renew in a research note on Wednesday, April 1st. Shore Capital Group reissued a "buy" rating and set a GBX 850 price target (down from GBX 1,350) on shares of Renew in a research note on Wednesday, April 1st. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Renew has a consensus rating of "Buy" and an average target price of GBX 1,172.50.

Renew Trading Up 2.0%

The company has a debt-to-equity ratio of 11.50, a current ratio of 0.88 and a quick ratio of 0.81. The business has a 50 day moving average of GBX 903.49 and a 200 day moving average of GBX 911.78. The firm has a market capitalization of £729.89 million, a price-to-earnings ratio of 14.95 and a beta of 0.78.

Renew Company Profile

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