The Renewi share price – where next?

The Renewi (LON:RWI) share price has risen by 15.2% over the past month and it’s currently trading at 720p. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Renewi currently has:

• 6 Buy recommendations

• 0 Hold recommendations

• 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.

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Going beyond analyst recommendations

At its current price of 720p, shares in Renewi are trading at a discount of -15.8% to its 52 week high price. The 1-year performance of the shares has been 30.9%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Renewi it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Renewi that you can find out about here.