Renew (LON:RNWH) Shares Cross Above 200-Day Moving Average – Time to Sell?

Renew Holdings plc (LON:RNWH)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 903.02 and traded as high as GBX 933. Renew shares last traded at GBX 923, with a volume of 79,280 shares trading hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,220 price target on shares of Renew in a research note on Wednesday, May 13th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 1,172.50.

Renew Trading Up 0.3%

The firm has a fifty day moving average of GBX 893.87 and a two-hundred day moving average of GBX 903.18. The company has a market cap of £733.06 million, a PE ratio of 17.35 and a beta of 0.77. The company has a current ratio of 0.91, a quick ratio of 0.81 and a debt-to-equity ratio of 12.90.

Renew (LON:RNWH) last announced its quarterly earnings data on Tuesday, May 12th. The company reported GBX 30.90 earnings per share (EPS) for the quarter. The business had revenue of £574.29 million for the quarter. Renew had a return on equity of 17.24% and a net margin of 3.81%.

About Renew