Renold plc Rating Reiterated by N+1 Singer (RNO)
Renold plc (LON:RNO)‘s stock had its “buy” rating reaffirmed by research analysts at N+1 Singer in a report released on Tuesday. They currently have a GBX 72 ($1.21) price objective on the stock. N+1 Singer’s price target would indicate a potential upside of 30.32% from the stock’s previous close.
Shares of Renold plc (LON:RNO) traded up 6.33% on Tuesday, hitting GBX 58.75. The stock had a trading volume of 583,995 shares. Renold plc has a one year low of GBX 21.50 and a one year high of GBX 68.00. The stock’s 50-day moving average is GBX 55.34 and its 200-day moving average is GBX 55.04. The company’s market cap is £131.1 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at FinnCap reiterated a “buy” rating on shares of Renold plc in a research note on Tuesday. They now have a GBX 79 ($1.33) price target on the stock. Separately, analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Renold plc in a research note on Tuesday, April 8th. They now have a GBX 72 ($1.21) price target on the stock.
Renold plc is a United Kingdom-based company engaged in engineering business delivering engineered chain and power transmission products internationally.
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