Renew (LON:RNWH) Sets New 52-Week High – Time to Buy?

Renew Holdings plc (LON:RNWH)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as GBX 1,150 ($15.05) and last traded at GBX 1,137.80 ($14.89), with a volume of 4856 shares changing hands. The stock had previously closed at GBX 1,114 ($14.58).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of Renew in a research report on Friday, October 4th.

Renew Price Performance

The company has a current ratio of 0.95, a quick ratio of 0.81 and a debt-to-equity ratio of 10.41. The company has a market capitalization of £875.29 million, a P/E ratio of 1,800.00 and a beta of 1.06. The firm has a fifty day moving average of GBX 1,081.30 and a 200 day moving average of GBX 1,040.50.

About Renew

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.