Renold’s (RNO) Buy Rating Reiterated at Numis Securities
Renold (LON:RNO)‘s stock had its “buy” rating reiterated by equities researchers at Numis Securities in a research report issued on Tuesday. They presently have a GBX 70 ($0.94) target price on the stock. Numis Securities’ target price suggests a potential upside of 41.41% from the company’s current price.
Separately, FinnCap reaffirmed a “hold” rating and set a GBX 50 ($0.67) price objective on shares of Renold in a research report on Friday, October 27th.
Shares of Renold (LON RNO) remained flat at $GBX 49.50 ($0.67) during mid-day trading on Tuesday. 48,835 shares of the stock were exchanged, compared to its average volume of 71,388. Renold has a 52 week low of GBX 41 ($0.55) and a 52 week high of GBX 65 ($0.87).
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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