Renold plc (RNO) Upgraded to “Buy” by Numis Securities Ltd
Renold plc (LON:RNO) was upgraded by research analysts at Numis Securities Ltd to a “buy” rating in a note issued to investors on Thursday. The firm currently has a GBX 50 ($0.62) price objective on the stock. Numis Securities Ltd’s target price indicates a potential upside of 25.00% from the stock’s previous close.
Separately, FinnCap reiterated a “hold” rating and set a GBX 42 ($0.52) price objective on shares of Renold plc in a report 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 company’s 50 day moving average is GBX 40.12 and its 200 day moving average is GBX 39.65. The stock’s market cap 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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