HSBC Increases Stake in Renewi plc

Renewi plc ( (GB:RWI) ) just unveiled an update.

Renewi plc, a UK-based company, has undergone a change in the nature of its holdings, as reported by HSBC Holdings plc. The notification indicates that HSBC’s total voting rights in Renewi have increased to 6.315%, reflecting a rise from the previous 6.001%. This change in holdings could potentially impact Renewi’s market positioning and influence within the industry, as HSBC is a significant shareholder.

The most recent analyst rating on (GB:RWI) stock is a Buy with a £710.00 price target. To see the full list of analyst forecasts on Renewi plc stock, see the GB:RWI Stock Forecast page.

Spark’s Take on GB:RWI Stock

According to Spark, TipRanks’ AI Analyst, GB:RWI is a Neutral.

Renewi plc’s overall score reflects mixed financial performance with high leverage and profitability challenges, but is balanced by strong cash flow stability and positive technical momentum. The strategic acquisition and increased investor confidence enhance future prospects, although valuation metrics remain weak.

To see Spark’s full report on GB:RWI stock, click here.

More about Renewi plc

Average Trading Volume: 546,648

Technical Sentiment Signal: Buy

Current Market Cap: £692.2M

See more insights into RWI stock on TipRanks’ Stock Analysis page.