Renew (LON:RNWH) Shares Pass Below 200 Day Moving Average of $397.30

Renew Holdings Plc (LON:RNWH)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $397.30 and traded as low as $378.00. Renew shares last traded at $383.00, with a volume of 43,577 shares traded.

A number of analysts have recently weighed in on RNWH shares. Peel Hunt reaffirmed a “buy” rating and set a GBX 500 ($6.53) price target on shares of Renew in a report on Tuesday, October 1st. Liberum Capital initiated coverage on shares of Renew in a research note on Friday, October 25th. They issued a “hold” rating and a GBX 360 ($4.70) price objective for the company. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 500 ($6.53) price objective on shares of Renew in a research note on Friday, September 27th.

The firm has a market cap of $288.51 million and a P/E ratio of 14.19. The company has a debt-to-equity ratio of 37.90, a quick ratio of 0.71 and a current ratio of 0.72. The company’s 50 day moving average is GBX 381.09 and its 200 day moving average is GBX 397.30.

In related news, insider Sean Wyndham-Quin acquired 2,725 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was acquired at an average price of GBX 367 ($4.80) per share, with a total value of £10,000.75 ($13,067.75).

Renew Company Profile (LON:RNWH)

Renew Holdings plc provides multidisciplinary engineering services to the energy, environmental, infrastructure, and specialist building sectors in the United Kingdom. Its services in the energy sector include operational support and asset care; critical planned and reactive maintenance and renewals; civil, mechanical, and electrical engineering; nuclear decommissioning and decontamination; and specialist fabrication and manufacturing.

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