Renewi (LON:RWI) Earns “Buy” Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Renewi (LON:RWI) in a report issued on Tuesday, MarketBeat reports. They currently have a GBX 710 ($9.07) price target on the stock.

Renewi Stock Performance

RWI remained flat at GBX 646 ($8.26) on Tuesday. 54,212 shares of the company were exchanged, compared to its average volume of 181,236. The stock has a market cap of £520.42 million, a P/E ratio of 1,374.47, a P/E/G ratio of 0.38 and a beta of 1.11. The company has a debt-to-equity ratio of 198.57, a current ratio of 0.54 and a quick ratio of 0.59. The firm has a 50 day moving average of GBX 671.79 and a two-hundred day moving average of GBX 612.89. Renewi has a 12-month low of GBX 446.50 ($5.71) and a 12-month high of GBX 749 ($9.57).

Renewi Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, July 31st. Shareholders of record on Thursday, June 27th were paid a dividend of GBX 5 ($0.06) per share. This is a positive change from Renewi’s previous dividend of $4.50. This represents a yield of 0.79%. The ex-dividend date of this dividend was Thursday, June 27th. Renewi’s dividend payout ratio (DPR) is presently 212.77%.

Insider Transactions at Renewi

In other news, insider Otto de Bont sold 9,205 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of GBX 659 ($8.42), for a total transaction of £60,660.95 ($77,521.98). Company insiders own 10.87% of the company’s stock.

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.