Renewi (LON:RWI) Shares Up 10.1% – Still a Buy?

Renewi plc (LON:RWI)’s share price rose 10.1% during mid-day 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).

Wall Street Analyst Weigh In

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

Renewi Stock Up 10.1 %

The firm has a 50-day moving average price of GBX 617.80 and a two-hundred day moving average price of GBX 645.09. The firm has a market cap of £487.76 million, a price-to-earnings 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 quick ratio of 0.59 and a current ratio of 0.54.

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.