Renewi (LON:RWI) Hits New 1-Year High – Still a Buy?

Renewi plc (LON:RWI)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 822 ($10.42) and last traded at GBX 810 ($10.26), with a volume of 498445 shares changing hands. The stock had previously closed at GBX 805 ($10.20).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 710 ($9.00) target price on shares of Renewi in a research note on Tuesday, August 6th.

Renewi Stock Performance

The company has a 50 day moving average of GBX 630.14 and a 200 day moving average of GBX 650.23. The company has a quick ratio of 0.59, a current ratio of 0.54 and a debt-to-equity ratio of 221.34. The firm has a market cap of £647.68 million, a price-to-earnings ratio of 1,815.56, a PEG ratio of 0.38 and a beta of 1.24.

About Renewi

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.