Renold plc Stock Rating Reaffirmed by FinnCap (RNO)
Renold plc (LON:RNO)‘s stock had its “buy” rating reaffirmed by investment analysts at FinnCap in a note issued to investors on Tuesday. They currently have a GBX 79 ($1.35) price target on the stock. FinnCap’s price objective would indicate a potential upside of 23.61% from the company’s current price.
Shares of Renold plc (LON:RNO) traded up 6.00% during mid-day trading on Tuesday, hitting GBX 64.00. The stock had a trading volume of 1,305,239 shares. Renold plc has a 1-year low of GBX 26.77 and a 1-year high of GBX 69.00. The stock has a 50-day moving average of GBX 64.26 and a 200-day moving average of GBX 59.4. The company’s market cap is £142.8 million.
Several other analysts have also recently commented on the stock. Analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Renold plc in a research note on Tuesday, May 27th. They now have a GBX 72 ($1.23) 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, May 27th. They now have a GBX 80 ($1.37) price target on the stock, up previously from GBX 72 ($1.23).
Renold plc is a United Kingdom-based company engaged in engineering business delivering engineered chain and power transmission products internationally.
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