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

Key Points

• Shore Capital has reaffirmed a buy rating for Renew (LON:RNWH) with a price target of GBX 1,350, indicating a potential upside of 44.85% from the previous close.
• Berenberg Bank and Peel Hunt have also issued buy ratings for Renew, with respective price targets of GBX 1,200 and GBX 1,300.
• The stock currently has an average rating of "Buy" with a consensus target price of GBX 1,283.33 from multiple analysts.

Renew (LON:RNWH - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Shore Capital in a research report issued on Monday,Digital Look reports. They currently have a GBX 1,350 price target on the stock. Shore Capital's target price indicates a potential upside of 44.85% from the company's previous close.

Several other analysts have also commented on the stock. Berenberg Bank reissued a "buy" rating and set a GBX 1,200 price target on shares of Renew in a research report on Tuesday, September 2nd. Peel Hunt reaffirmed a "buy" rating and set a GBX 1,300 target price on shares of Renew in a report on Monday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of GBX 1,283.33.

Renew Stock Performance

Shares of LON:RNWH opened at GBX 932 on Monday. The firm's 50 day simple moving average is GBX 832.01 and its 200-day simple moving average is GBX 800.17. The company has a debt-to-equity ratio of 37.10, a quick ratio of 0.81 and a current ratio of 0.93. Renew has a one year low of GBX 590.55 and a one year high of GBX 1,296. The firm has a market cap of £737.74 million, a PE ratio of 1,631.08 and a beta of 1.06.

Renew Company Profile

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