Renold plc (RNO) Lifted to “Buy” at Numis Securities Ltd

Numis Securities Ltd upgraded shares of Renold plc (LON:RNO) to a buy rating in a research note published on Thursday. The firm currently has GBX 50 ($0.61) target price on the stock.

Separately, FinnCap restated a hold rating and set a GBX 42 ($0.51) target price on shares of Renold plc in a report on Thursday, October 13th.

Shares of Renold plc (LON:RNO) opened at 41.45 on Thursday. The firm’s market cap is GBX 92.46 million. Renold plc has a 52 week low of GBX 28.20 and a 52 week high of GBX 74.00. The firm’s 50-day moving average price is GBX 39.81 and its 200 day moving average price is GBX 39.82.

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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