Renewi (LON:RWI) Trading 10.1% Higher - Here's Why

Renewi plc (LON:RWI - Get Free Report)'s stock price traded up 10.1% during trading on Thursday . The stock traded as high as GBX 610 ($7.74) and last traded at GBX 610 ($7.74). 1,067,533 shares traded hands during mid-day trading, an increase of 533% from the average session volume of 168,761 shares. The stock had previously closed at GBX 554 ($7.03).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 710 ($9.01) price objective on shares of Renewi in a research note on Tuesday, August 6th.

Renewi Trading Up 46.8 %

The firm has a market cap of £650.07 million, a PE ratio of 1,787.44, a price-to-earnings-growth ratio of 0.38 and a beta of 1.24. The company has a 50-day simple moving average of GBX 615.98 and a 200 day simple moving average of GBX 644.46. The company has a current ratio of 0.54, a quick ratio of 0.59 and a debt-to-equity ratio of 221.34.

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.