Renew (LON:RNWH) Given Buy Rating at Shore Capital

Shore Capital reiterated their buy rating on shares of Renew (LON:RNWHFree Report) in a research report released on Tuesday morning, Marketbeat reports.

Separately, Berenberg Bank boosted their target price on shares of Renew from GBX 1,000 ($12.56) to GBX 1,200 ($15.07) and gave the stock a buy rating in a report on Tuesday.

View Our Latest Report on RNWH

Renew Price Performance

LON:RNWH opened at GBX 1,034 ($12.99) on Tuesday. Renew has a 52-week low of GBX 672 ($8.44) and a 52-week high of GBX 1,070 ($13.44). The company has a quick ratio of 0.81, a current ratio of 0.91 and a debt-to-equity ratio of 9.85. The firm has a market cap of £818.31 million, a P/E ratio of 1,738.98 and a beta of 0.98. The business’s 50-day moving average price is GBX 929.44 and its 200 day moving average price is GBX 862.60.

Renew Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Thursday, June 6th will be issued a dividend of GBX 6.33 ($0.08) per share. This represents a dividend yield of 0.63%. The ex-dividend date of this dividend is Thursday, June 6th. Renew’s dividend payout ratio is 3,050.85%.

Renew Company Profile

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Renew Holdings plc operates as a contractor in the field of engineering services and specialist building in the United Kingdom. The company engages in the provision of services to the rail, telecoms, water, highways, and energy networks. It offers operational support and asset care; critical planned and reactive maintenance and renewals; civil, mechanical, and electrical engineering services; geotechnical and earthworks; plant, power, and signaling renewals; 24/7 emergency services; asset renewal and refurbishment; tunnel and shaft refurbishment, fencing, and devegetation; and in-house design services, as well as wireless telecoms installations; critical planned and reactive maintenance and renewals; acquisition, planning and design services; 3G, 4G, 5G, and Wi-Fi technologies; temporary sites and special events; and maintenance and decommissioning services.

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