Further to Renewi's positive trading update we increase our forecasts and raise our Target Price to 950p from 900p. We reiterate our Buy recommendation and preference for Renewi over Biffa (Buy, 400p TP). We continue to believe that the market has yet to grasp the scale of underlying improvement in the performance which Renewi is delivering, and for which the trading update is evidence. We expect that the pace at which the balance sheet is strengthening and the positive earnings upgrade should e ....
25 Mar 2022
Renewi - Raising Target Price to 950p
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Renewi - Raising Target Price to 950p
Renewi Plc (RWI:LON) | 570 11.4 0.4% | Mkt Cap: 459.1m
- Published:
25 Mar 2022 -
Author:
Colin Smith -
Pages:
5
Further to Renewi's positive trading update we increase our forecasts and raise our Target Price to 950p from 900p. We reiterate our Buy recommendation and preference for Renewi over Biffa (Buy, 400p TP). We continue to believe that the market has yet to grasp the scale of underlying improvement in the performance which Renewi is delivering, and for which the trading update is evidence. We expect that the pace at which the balance sheet is strengthening and the positive earnings upgrade should e ....