Renew’s (RNWH) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Renew (LON:RNWH) in a research note released on Thursday morning,Digital Look reports. The brokerage currently has a GBX 1,320 price objective on the stock.

Separately, Deutsche Bank boosted their target price on Renew from GBX 1,220 to GBX 1,260 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 1,182.50.

Renew Stock Performance

Shares of RNWH stock opened at GBX 1,072 on Thursday. Renew has a 12-month low of GBX 821 and a 12-month high of GBX 1,122. The business’s fifty day simple moving average is GBX 968.23 and its 200-day simple moving average is GBX 923.05. The company has a current ratio of 0.91, a quick ratio of 0.81 and a debt-to-equity ratio of 12.90. The company has a market cap of £848.64 million, a PE ratio of 20.08 and a beta of 0.84.

About Renew

Renew Holdings Group plc is a leading UK Engineering Services business, performing a critical role in keeping the nation’s infrastructure functioning efficiently and safely. The Group operates through independently branded subsidiaries across its chosen markets, delivering non-discretionary maintenance and renewal tasks through its highly skilled, directly employed workforce. Renew’s activities are focused on Engineering Services in the key markets of Rail, Infrastructure, Energy (including Wind and Nuclear) and Environmental which are largely governed by regulation and benefit from non-discretionary spend with long-term visibility of committed funding.