Renold Plc Rating Reiterated by FinnCap (RNO)
Renold Plc (LON:RNO)‘s stock had its “buy” rating restated by FinnCap in a research note issued on Thursday, Stock Ratings News reports. They currently have a GBX 79 ($1.30) target price on the stock, up from their previous target price of GBX 49 ($0.80). FinnCap’s target price would suggest a potential upside of 18.80% from the company’s current price.
A number of other firms have also recently commented on RNO. Analysts at Nplus1 Brewin upgraded shares of Renold Plc to a “buy” rating in a research note on Wednesday, November 20th. They now have a GBX 53 ($0.87) price target on the stock. Analysts at N+1 Singer reiterated a “buy” rating on shares of Renold Plc in a research note on Tuesday, November 19th. They now have a GBX 53 ($0.87) price target on the stock.
Shares of Renold Plc (LON:RNO) traded down 0.37% during mid-day trading on Thursday, hitting GBX 66.50. The stock had a trading volume of 1,668,953 shares. Renold Plc has a 52 week low of GBX 18.57 and a 52 week high of GBX 68.00. The stock has a 50-day moving average of GBX 55.29 and a 200-day moving average of GBX 43.49. The company’s market cap is £148.3 million.
Renold plc is an engineering group, producing a range of engineering products. The Company is engaged in the manufacture and sale of industrial chains and torque transmission products.
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