Renewi (LON:RWI) Reaches New 12-Month High – Here’s Why

Renewi plc (LON:RWI)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 822 ($10.42) and last traded at GBX 810 ($10.26), with a volume of 498445 shares trading hands. The stock had previously closed at GBX 805 ($10.20).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 710 ($9.00) price target on shares of Renewi in a report on Tuesday, August 6th.

Renewi Stock Performance

The firm has a market cap of £647.68 million, a price-to-earnings ratio of 1,815.56, a PEG ratio of 0.38 and a beta of 1.24. The stock’s fifty day moving average is GBX 630.14 and its two-hundred day moving average is GBX 650.23. The company has a debt-to-equity ratio of 221.34, a quick ratio of 0.59 and a current ratio of 0.54.

About Renewi

Renewi plc, together with its subsidiaries, provides waste-to-product services. The company operates through Commercial Waste, Mineralz & Water, and Specialities segments. The Commercial Waste segment engages in the collection and treatment of commercial waste in the Netherlands and Belgium; and processing of wood, aggregates, plastics, paper products, and organic waste.