N+1 Singer Lowers Renold plc (RNO) Price Target to GBX 65
Renold plc (LON:RNO) had its price target dropped by equities research analysts at N+1 Singer from GBX 95 ($1.18) to GBX 65 ($0.80) in a research report issued to clients and investors on Thursday. The firm presently has a “buy” rating on the stock. N+1 Singer’s target price would indicate a potential upside of 62.50% from the company’s previous close.
RNO has been the subject of several other research reports. FinnCap reaffirmed a “hold” rating and issued a GBX 42 ($0.52) price objective on shares of Renold plc in a research note on Monday, July 18th. Numis Securities Ltd raised Renold plc to a “buy” rating and set a GBX 50 ($0.62) price objective for the company in a research note on Thursday.
Shares of Renold plc (LON:RNO) opened at 40.16 on Thursday. Renold plc has a one year low of GBX 28.20 and a one year high of GBX 74.00. The firm’s 50-day moving average is GBX 40.12 and its 200 day moving average is GBX 39.65. The firm’s market capitalization is GBX 89.58 million.
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About Renold plc
Renold plc is engaged in delivering engineered and power transmission products and solutions across the world. The Company’s Chain segment manufactures and sells power transmission and conveyor chain and includes sales of torque transmission product through Chain National Sales Companies (NSCs). It has manufacturing sites in the United States, Germany, India, China, Malaysia and Australia.
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