Renewi PLC (RWI) PT Lowered to GBX 100
Renewi PLC (LON:RWI) had its price target lowered by Credit Suisse Group from GBX 115 ($1.50) to GBX 100 ($1.31) in a report issued on Wednesday. Credit Suisse Group currently has an outperform rating on the stock.
RWI has been the topic of several other reports. Peel Hunt reaffirmed a buy rating and issued a GBX 110 ($1.44) price objective on shares of Renewi PLC in a research report on Thursday, July 13th. Barclays PLC lowered their price objective on Renewi PLC from GBX 95 ($1.24) to GBX 88 ($1.15) and set an equal weight rating on the stock in a research report on Friday, June 30th.
Shares of Renewi PLC (RWI) opened at 92.75 on Wednesday. Renewi PLC has a 12 month low of GBX 78.25 and a 12 month high of GBX 107.00. The stock’s market capitalization is GBX 741.85 million. The company’s 50 day moving average price is GBX 87.01 and its 200-day moving average price is GBX 93.93.
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The firm also recently disclosed a dividend, which will be paid on Friday, July 28th. Investors of record on Thursday, June 29th will be given a GBX 2.10 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a yield of 2.22%.
In related news, insider Toby Woolrych bought 7,869 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was acquired at an average cost of GBX 95 ($1.24) per share, for a total transaction of £7,475.55 ($9,761.75). Also, insider Marina Wyatt bought 11,600 shares of the firm’s stock in a transaction on Thursday, July 13th. The shares were bought at an average price of GBX 85 ($1.11) per share, with a total value of £9,860 ($12,875.42). Over 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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