Renewi’s (RWI) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Renewi (LON:RWIFree Report) in a research report report published on Thursday morning, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 710 ($9.07) target price on the stock.

Renewi Stock Performance

LON RWI opened at GBX 653.66 ($8.35) on Thursday. The firm has a market cap of £526.59 million, a P/E ratio of 1,404.26, a price-to-earnings-growth ratio of 0.38 and a beta of 1.11. The company has a quick ratio of 0.59, a current ratio of 0.54 and a debt-to-equity ratio of 198.57. The company’s 50 day moving average is GBX 593.71 and its 200-day moving average is GBX 594.62. Renewi has a 12-month low of GBX 446.50 ($5.70) and a 12-month high of GBX 749 ($9.57).

Renewi Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Thursday, June 27th will be given a dividend of GBX 5 ($0.06) per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a dividend yield of 0.79%. This is an increase from Renewi’s previous dividend of $4.50. Renewi’s dividend payout ratio is currently 212.77%.

Renewi Company Profile

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Renewi plc, together with its subsidiaries, provides waste-to-product services. The company operates through Commercial Waste, Mineralz & Water, and Specialities segments. The Commercial Waste segment engages in the collection and treatment of commercial waste in the Netherlands and Belgium; and processing of wood, aggregates, plastics, paper products, and organic waste.

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