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Renold Plc (LON:RNO)‘s stock had its “buy” rating restated by analysts at N+1 Singer in a research report issued to clients and investors on Thursday, Analyst RN reports. They currently have a GBX 53 ($0.87) price target on the stock. N+1 Singer’s price target would indicate a potential downside of 21.12% from the company’s current price.

Shares of Renold Plc (LON:RNO) opened at 65.00 on Thursday. Renold Plc has a 1-year low of GBX 18.57 and a 1-year high of GBX 68.00. The stock has a 50-day moving average of GBX 54.72 and a 200-day moving average of GBX 43.33. The company’s market cap is £145.0 million.

A number of other analysts have also recently weighed in on RNO. Analysts at FinnCap reiterated a “buy” rating on shares of Renold Plc in a research note on Thursday. They now have a GBX 79 ($1.30) price target on the stock. Separately, 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.

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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