Renew (LON:RNWH) Stock Crosses Above Two Hundred Day Moving Average of $1,026.51

Renew Holdings plc (LON:RNWH)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,026.51 ($13.75) and traded as high as GBX 1,078 ($14.43). Renew shares last traded at GBX 1,064 ($14.25), with a volume of 236,129 shares trading hands.

Analysts Set New Price Targets

Several research firms have issued reports on RNWH. Berenberg Bank lifted their price target on shares of Renew from GBX 1,200 ($16.07) to GBX 1,250 ($16.74) and gave the stock a “buy” rating in a report on Tuesday, June 11th. Shore Capital reissued a “buy” rating on shares of Renew in a research report on Wednesday, June 12th.

Renew Price Performance

The firm has a market cap of £842.05 million, a PE ratio of 1,716.13 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 0.95 and a debt-to-equity ratio of 10.41. The stock has a 50 day moving average price of GBX 1,073.24 and a two-hundred day moving average price of GBX 1,026.51.

About Renew

Renew Holdings plc operates as a contractor in the field of engineering services and specialist building in the United Kingdom. The company engages in the provision of services to the rail, telecoms, water, highways, and energy networks. It offers operational support and asset care; critical planned and reactive maintenance and renewals; civil, mechanical, and electrical engineering services; geotechnical and earthworks; plant, power, and signaling renewals; 24/7 emergency services; asset renewal and refurbishment; tunnel and shaft refurbishment, fencing, and devegetation; and in-house design services, as well as wireless telecoms installations; critical planned and reactive maintenance and renewals; acquisition, planning and design services; 3G, 4G, 5G, and Wi-Fi technologies; temporary sites and special events; and maintenance and decommissioning services.