Peel Hunt Reiterates “Buy” Rating for Renewi PLC (RWI)
Renewi PLC (LON:RWI)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a research report issued on Thursday. They presently have a GBX 110 ($1.42) target price on the stock. Peel Hunt’s price objective points to a potential upside of 29.41% from the company’s current price.
Several other analysts have also weighed in on RWI. Barclays PLC lowered their target price on shares of Renewi PLC from GBX 95 ($1.23) to GBX 88 ($1.14) and set an “equal weight” rating for the company in a research note on Friday, June 30th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 115 ($1.49) target price on shares of Renewi PLC in a research note on Thursday, May 18th.
Renewi PLC (LON:RWI) opened at 85.00 on Thursday. The firm’s market cap is GBX 679.86 million. Renewi PLC has a one year low of GBX 78.25 and a one year high of GBX 107.00. The stock has a 50 day moving average of GBX 93.54 and a 200 day moving average of GBX 94.62.
The firm also recently announced a dividend, which will be paid on Friday, July 28th. Shareholders of record on Thursday, June 29th will be paid a dividend of GBX 2.10 ($0.03) per share. The ex-dividend date is Thursday, June 29th. This represents a yield of 2.22%.
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In other Renewi PLC news, insider Marina Wyatt bought 11,600 shares of the stock in a transaction on Thursday, July 13th. The stock was purchased at an average price of GBX 85 ($1.10) per share, for a total transaction of £9,860 ($12,772.02). Also, insider Colin Matthews bought 62,500 shares of the stock in a transaction on Thursday, June 1st. The shares were acquired at an average price of GBX 91 ($1.18) per share, with a total value of £56,875 ($73,672.28). In the last quarter, insiders have acquired 81,969 shares of company stock valued at $7,421,055.
About Renewi PLC
Renewi plc, formerly Shanks Group plc, is a waste-to-product company. The Company operates through five business divisions: Netherlands Commercial, Belgium Commercial, Hazardous Waste, Monostreams and Municipal. The Netherlands Commercial division is engaged in collecting, sorting, treating and recycling commercial and household waste in the Netherlands.
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