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Shore Capital Reaffirms Buy Rating for Renew (LON:RNWH)

Renew logo with Industrials background

Key Points

  • Shore Capital has reaffirmed a buy rating for Renew (LON:RNWH) with a target price of GBX 1,350, indicating a potential upside of 54.99%.
  • Berenberg Bank also reissued a buy rating, setting a price target of GBX 1,200, contributing to Renew's average rating of buy among analysts.
  • Renew's stock recently traded up GBX 61 to reach GBX 871, with a current market capitalization of £689.46 million.
  • Five stocks we like better than Renew.

Renew (LON:RNWH - Get Free Report)'s stock had its "buy" rating reaffirmed by Shore Capital in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 1,350 target price on the stock. Shore Capital's price target points to a potential upside of 54.99% from the company's current price.

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 1,200 price target on shares of Renew in a research report on Tuesday, September 2nd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Renew currently has an average rating of "Buy" and a consensus target price of GBX 1,283.33.

View Our Latest Analysis on RNWH

Renew Price Performance

Renew stock traded up GBX 61 during trading hours on Wednesday, hitting GBX 871. 258,844 shares of the company traded hands, compared to its average volume of 249,301. The firm has a market cap of £689.46 million, a P/E ratio of 1,524.33 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 37.10. The firm's 50-day simple moving average is GBX 818.65 and its two-hundred day simple moving average is GBX 786.53. Renew has a 1-year low of GBX 590.55 and a 1-year high of GBX 1,296.

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