Renold plc (LON:RNO) had its price objective decreased by N+1 Singer from GBX 95 ($1.18) to GBX 65 ($0.80) in a report released on Thursday. The brokerage presently has a “buy” rating on the stock. N+1 Singer’s price target indicates a potential upside of 59.02% from the company’s current price.
A number of other analysts have also recently weighed in on RNO. FinnCap reaffirmed a “hold” rating and issued a GBX 42 ($0.52) price objective on shares of Renold plc in a report on Monday, July 18th. Numis Securities Ltd raised shares of Renold plc to a “buy” rating and set a GBX 50 ($0.62) price objective on the stock in a report on Thursday.
Shares of Renold plc (LON:RNO) opened at 40.875 on Thursday. Renold plc has a one year low of GBX 28.20 and a one year high of GBX 74.00. The stock’s market cap is GBX 91.18 million. The firm has a 50 day moving average of GBX 40.10 and a 200 day moving average of GBX 39.69.
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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