Renewi PLC 14.1% potential upside indicated by Berenberg Bank

Renewi PLC with ticker (LON:RWI) now has a potential upside of 14.1% according to Berenberg Bank.



Berenberg Bank set a target price of 710 GBX for the company, which when compared to the Renewi PLC share price of 622 GBX at opening today (22/11/2023) indicates a potential upside of 14.1%. Trading has ranged between 447 (52 week low) and 749 (52 week high) with an average of 308,207 shares exchanging hands daily. The market capitalisation at the time of writing is £497,705,867.

Renewi plc is a United Kingdom-based waste-to-product company. The Company uses technology to turn waste into useful materials, such as paper, metal, plastic, glass, wood, building materials, compost and energy. The Company’s segments include Commercial Waste, Mineralz & Water, Specialities, and Group central services. Its Commercial Waste segment is engaged in the collection and treatment of commercial waste in the Netherlands and Belgium. Its Mineralz & Water segment is engaged in the decontamination, stabilization, and re-use of highly contaminated materials to produce certified secondary products for the construction industry in the Netherlands and Belgium. Its Specialities segment is engaged in processing plants focusing on recycling and diverting specific waste streams. The operations are in the United Kingdom, the Netherlands, Belgium, France, and Portugal. The Company has approximately 174 operating sites across Europe.