Renew (LON:RNWH) Reaches New 52-Week High – Still a Buy?

Shares of Renew Holdings plc (LON:RNWH) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 1,150 ($15.02) and last traded at GBX 1,112 ($14.52), with a volume of 64384 shares. The stock had previously closed at GBX 1,100 ($14.36).

Wall Street Analysts Forecast Growth

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

Renew Stock 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 cap of £887.95 million, a price-to-earnings ratio of 1,774.19 and a beta of 1.06. The stock has a 50 day moving average price of GBX 1,084.74 and a two-hundred day moving average price of GBX 1,045.90.

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.