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Renewi plc ( (GB:RWI) ) just unveiled an announcement.
Renewi plc, a UK-based company, has been notified of a change in major holdings by JPMorgan Chase & Co., which now holds a significant percentage of voting rights through financial instruments. This adjustment in holdings reflects a strategic financial maneuver by JPMorgan, potentially impacting Renewi’s market dynamics and stakeholder interests.
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
Find detailed analytics on RWI stock on TipRanks’ Stock Analysis page.
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