Renewable Energy Group (NASDAQ:REGI) Lifted to Strong-Buy at ValuEngine
Several other analysts have also recently commented on the stock. BWS Financial reiterated a buy rating on shares of Renewable Energy Group in a research report on Friday, September 6th. Zacks Investment Research upgraded Renewable Energy Group from a strong sell rating to a hold rating in a research report on Wednesday, October 9th. Finally, BidaskClub raised Renewable Energy Group from a buy rating to a strong-buy rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $30.75.
REGI stock traded up $1.28 during midday trading on Tuesday, reaching $18.99. The company’s stock had a trading volume of 800,161 shares, compared to its average volume of 682,946. Renewable Energy Group has a 52 week low of $9.90 and a 52 week high of $29.61. The stock has a market cap of $739.93 million, a PE ratio of 2.80 and a beta of 1.23. The company has a quick ratio of 0.77, a current ratio of 1.43 and a debt-to-equity ratio of 0.22. The business’s 50-day simple moving average is $16.69 and its 200-day simple moving average is $14.98.
About Renewable Energy Group
Renewable Energy Group, Inc produces cleaner and lower carbon transportation fuels. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.
Further Reading: Leveraged Buyout (LBO) Explained
To view ValuEngine’s full report, visit ValuEngine’s official website.
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