Renewi (LON:RWI) Stock Price Up 1%

Shares of Renewi plc (LON:RWI) traded up 1% during trading on Thursday . The stock traded as high as GBX 690 ($8.84) and last traded at GBX 689 ($8.83). 58,267 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 147,191 shares. The stock had previously closed at GBX 682 ($8.74).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 710 ($9.09) price objective on shares of Renewi in a research report on Thursday, May 30th.

Renewi Price Performance

The stock has a market cap of £555.06 million, a PE ratio of 1,465.96, a P/E/G ratio of 0.38 and a beta of 1.11. The company has a debt-to-equity ratio of 198.57, a current ratio of 0.54 and a quick ratio of 0.59. The firm’s 50 day moving average price is GBX 651.83 and its two-hundred day moving average price is GBX 608.60.

Renewi Increases Dividend

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

Renewi Company Profile

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.