Renew (LON:RNWH) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Renew Holdings plc (LON:RNWH) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 900.98 and traded as low as GBX 888. Renew shares last traded at GBX 892, with a volume of 116,436 shares trading hands.

Analyst Ratings Changes

RNWH has been the topic of several recent research reports. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 850 price objective (down from GBX 1,350) on shares of Renew in a research note on Wednesday, April 1st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,320 target price on shares of Renew in a research report on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,220 target price on shares of Renew in a report on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 1,172.50.

Renew Stock Performance

The company has a market cap of £706.14 million, a price-to-earnings ratio of 16.71 and a beta of 0.77. The company has a debt-to-equity ratio of 12.90, a current ratio of 0.91 and a quick ratio of 0.81. The firm has a fifty day simple moving average of GBX 886.47 and a 200 day simple moving average of GBX 900.98.

Renew (LON:RNWH) last issued its quarterly earnings results on Tuesday, May 12th. The company reported GBX 30.90 EPS for the quarter. Renew had a return on equity of 17.24% and a net margin of 3.81%.The company had revenue of £574.29 million during the quarter.

About Renew