Renew Holdings Shifts Adviser to Deutsche Bank

An update from Renew Holdings plc ( (GB:RNWH) ) is now available.

Renew Holdings plc has announced a change in its Nominated Adviser and Broker from Numis Securities Limited to Deutsche Bank AG, London Branch, following the acquisition of Numis Securities’ parent company by Deutsche Bank. This strategic move is expected to enhance the company’s market positioning and operational efficiency, reflecting a significant shift in its advisory and brokerage services.

The most recent analyst rating on (GB:RNWH) stock is a Buy with a £13.05 price target. To see the full list of analyst forecasts on Renew Holdings plc stock, see the GB:RNWH Stock Forecast page.

Spark’s Take on GB:RNWH Stock

According to Spark, TipRanks’ AI Analyst, GB:RNWH is a Outperform.

Renew Holdings plc’s strong financial performance and strategic corporate events significantly boost its stock score. While technical indicators and valuation suggest stability and fair pricing, the absence of new earnings call data means these factors weigh more heavily. Overall, the company’s solid growth trajectory and strategic initiatives position it favorably in the market.

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

More about Renew Holdings plc

Renew Holdings plc is a prominent UK Engineering Services company that plays a vital role in maintaining the nation’s infrastructure. The company operates through independently branded subsidiaries, focusing on essential maintenance and renewal tasks in sectors such as Rail, Infrastructure, Energy (including Wind and Nuclear), and Environmental. These sectors are largely regulated and benefit from non-discretionary spending with long-term funding visibility.

Average Trading Volume: 189,537

Technical Sentiment Signal: Buy

Current Market Cap: £682.3M

For detailed information about RNWH stock, go to TipRanks’ Stock Analysis page.