Renew (LON:RNWH) Sets New 12-Month High – Still a Buy?

Renew Holdings plc (LON:RNWH) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 1,296 ($16.68) and last traded at GBX 1,072 ($13.79), with a volume of 504237 shares trading hands. The stock had previously closed at GBX 1,070 ($13.77).

Wall Street Analyst Weigh In

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

Renew Stock Down 1.3 %

The company has a debt-to-equity ratio of 10.41, a current ratio of 0.95 and a quick ratio of 0.81. The stock has a market cap of £851.55 million, a price-to-earnings ratio of 1,758.06 and a beta of 1.06. The firm’s 50-day moving average is GBX 1,089.40 and its 200 day moving average is GBX 1,069.95.

Renew Company Profile

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.