Renew (LON:RNWH) Sets New 12-Month High at $1,150.00

Shares of Renew Holdings plc (LON:RNWH) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 1,150 ($15.38) and last traded at GBX 1,144 ($15.30), with a volume of 719174 shares. The stock had previously closed at GBX 1,052 ($14.07).

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Shore Capital reissued a “buy” rating on shares of Renew in a research report on Wednesday, June 12th. Berenberg Bank upped their price objective on Renew from GBX 1,200 ($16.05) to GBX 1,250 ($16.72) and gave the company a “buy” rating in a research report on Tuesday, June 11th.

Renew Price Performance

The company has a market capitalization of £903.78 million, a PE ratio of 1,838.71 and a beta of 1.06. The firm’s 50 day simple moving average is GBX 1,072.76 and its 200 day simple moving average is GBX 1,030.56. The company has a quick ratio of 0.81, a current ratio of 0.95 and a debt-to-equity ratio of 10.41.

Renew Company Profile

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.