Renold plc (RNO) PT Raised to GBX 86
Renold plc (LON:RNO) had its price target upped by research analysts at N+1 Singer from GBX 70 ($0.89) to GBX 86 ($1.09) in a research report issued on Monday. The brokerage presently has a “buy” rating on the stock. N+1 Singer’s target price points to a potential upside of 65.38% from the company’s previous close.
Other research analysts have also issued reports about the company. FinnCap reaffirmed a “hold” rating and issued a GBX 44 ($0.56) target price on shares of Renold plc in a research report on Tuesday, May 30th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 70 ($0.89) target price on shares of Renold plc in a research report on Wednesday, May 31st.
Renold plc (LON RNO) traded up 0.97% during mid-day trading on Monday, reaching GBX 52.00. The company’s stock had a trading volume of 49,135 shares. Renold plc has a 1-year low of GBX 33.50 and a 1-year high of GBX 65.00. The firm’s market capitalization is GBX 117.22 million. The firm has a 50-day moving average of GBX 59.69 and a 200 day moving average of GBX 53.96.
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Renold plc Company Profile
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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