Renew Holdings (RNWH)

Sector:

Support

Index:

FTSE AIM 50

1,046.00p
   
  • Change Today:
      8.00p
  • 52 Week High: 1,152.00
  • 52 Week Low: 782.00
  • Currency: UK Pounds
  • Shares Issued: 79.14m
  • Volume: 209,656
  • Market Cap: £827.79m
  • RiskGrade: 189
  • Beta: 1.12

Berenberg nudges up target price on Renew Holdings

By Iain Gilbert

Date: Wednesday 12 Jun 2024

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg raised their target price on engineering services firm Renew Holdings from 1,250.0p to 1,200.0p on Wednesday following the group's capital markets day last week.
Berenberg said Renew's CMD focused on growth opportunities in its existing end-markets, the collaboration efforts between operating brands within the group and reminded investors of where the M&A focus was for management.

The German bank also noted that following this "timely revisit" of the opportunity for the group, it was "pleasing" that Renew announced its third acquisition in the last 12 months - buying Excalon Holdings for up to £26.0m of consideration for underlying earnings of roughly £3.0m.

"The acquisition opens up the attractive, structural growth energy transmission and distribution market for the group, while adding yet another speciality to the group's evolving stable of high-quality operating companies," said the analysts.

Berenberg, which has a 'buy' rating on the stock, updated its forecasts for the stock following the deal, increasing underlying earnings by approximately 4% in FY25 and FY26 and earnings per share by about 3-4%. On its revised forecasts, Berenberg said Renew trades on 14x FY24 price-to-earnings ratio.

























Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Renew Holdings Market Data

Currency UK Pounds
Share Price 1,046.00p
Change Today 8.00p
% Change 0.77 %
52 Week High 1,152.00
52 Week Low 782.00
Volume 209,656
Shares Issued 79.14m
Market Cap £827.79m
Beta 1.12
RiskGrade 189

Renew Holdings Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.94% below the market average92.94% below the market average92.94% below the market average92.94% below the market average92.94% below the market average
84.27% below the sector average84.27% below the sector average84.27% below the sector average84.27% below the sector average84.27% below the sector average
Price Trend
68.43% above the market average68.43% above the market average68.43% above the market average68.43% above the market average68.43% above the market average
74.00% above the sector average74.00% above the sector average74.00% above the sector average74.00% above the sector average74.00% above the sector average
Income
73.48% below the market average73.48% below the market average73.48% below the market average73.48% below the market average73.48% below the market average
45.76% below the sector average45.76% below the sector average45.76% below the sector average45.76% below the sector average45.76% below the sector average
Growth
27.51% above the market average27.51% above the market average27.51% above the market average27.51% above the market average27.51% above the market average
35.48% above the sector average35.48% above the sector average35.48% above the sector average35.48% above the sector average35.48% above the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Renew Holdings Dividends

  Latest Previous
  Interim Final
Ex-Div 06-Jun-24 08-Feb-24
Paid 10-Jul-24 08-Mar-24
Amount 6.33p 12.00p

Trades for 21-Nov-2024

Time Volume / Share Price
16:35 24,632 @ 1,046.00p
16:35 1 @ 1,046.00p
16:35 140 @ 1,046.00p
16:35 1,891 @ 1,046.00p
16:35 1,279 @ 1,046.00p

Renew Holdings Key Personnel

CEO Paul Scott

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