Renold plc (RNO) PT Lowered to GBX 65 at N+1 Singer
Renold plc (LON:RNO) had its price objective dropped by research analysts at N+1 Singer from GBX 95 ($1.18) to GBX 65 ($0.80) in a note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. N+1 Singer’s price objective suggests a potential upside of 62.50% from the stock’s previous close.
RNO has been the subject of several other reports. FinnCap reaffirmed a “hold” rating and set a GBX 42 ($0.52) target price 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) target price for the company in a research note on Thursday.
Renold plc (LON:RNO) opened at 40.16 on Thursday. Renold plc has a 12-month low of GBX 28.20 and a 12-month high of GBX 74.00. The stock’s market capitalization is GBX 89.58 million. The company has a 50 day moving average of GBX 40.12 and a 200-day moving average of GBX 39.65.
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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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