Renewi (LON:RWI) Shares Up 10.1% – Here’s What Happened

Renewi plc (LON:RWI) shares were up 10.1% during trading on Thursday . The stock traded as high as GBX 610 ($7.73) and last traded at GBX 610 ($7.73). Approximately 1,067,533 shares changed hands during trading, an increase of 533% from the average daily volume of 168,761 shares. The stock had previously closed at GBX 554 ($7.02).

Analysts Set New Price Targets

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

Renewi Price Performance

The company has a market capitalization of £487.76 million, a PE ratio of 1,244.44, a price-to-earnings-growth ratio of 0.38 and a beta of 1.24. The company has a debt-to-equity ratio of 221.34, a current ratio of 0.54 and a quick ratio of 0.59. The stock’s 50 day simple moving average is GBX 617.80 and its 200-day simple moving average is GBX 645.09.

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.