Renold plc (RNO) Upgraded to “Buy” by Numis Securities Ltd
Renold plc (LON:RNO) was upgraded by equities researchers at Numis Securities Ltd to a “buy” rating in a report issued on Thursday. The brokerage presently has a GBX 50 ($0.62) target price on the stock. Numis Securities Ltd’s target price suggests a potential upside of 25.00% from the stock’s current price.
Separately, FinnCap reaffirmed a “hold” rating and set a GBX 42 ($0.52) price objective on shares of Renold plc in a research note on Thursday.
Shares of Renold plc (LON:RNO) opened at 40.16 on Thursday. Renold plc has a one year low of GBX 28.20 and a one year high of GBX 74.00. The firm’s market capitalization is GBX 89.58 million. The firm’s 50-day moving average price is GBX 40.12 and its 200-day moving average price is GBX 39.65.
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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