Renold plc (RNO) Earns “Buy” Rating from Numis Securities Ltd
Renold plc (LON:RNO)‘s stock had its “buy” rating restated by investment analysts at Numis Securities Ltd in a research note issued on Wednesday. They presently have a GBX 70 ($0.92) price objective on the stock. Numis Securities Ltd’s target price points to a potential upside of 40.80% from the stock’s current price.
Separately, FinnCap reaffirmed a “hold” rating and issued a GBX 50 ($0.66) target price on shares of Renold plc in a research report on Friday, October 27th.
Renold plc (RNO) opened at GBX 49.72 ($0.65) on Wednesday. Renold plc has a 1-year low of GBX 41 ($0.54) and a 1-year high of GBX 65 ($0.85).
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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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