Renold plc (RNO) Price Target Cut to GBX 65 by Analysts at N+1 Singer
Renold plc (LON:RNO) had its target price reduced by N+1 Singer from GBX 95 ($1.18) to GBX 65 ($0.80) in a research note issued to investors on Thursday morning. They currently have a buy rating on the stock.
A number of other analysts have also weighed in on RNO. FinnCap restated a hold rating and set a GBX 42 ($0.52) target price on shares of Renold plc in a research note on Monday, July 18th. Numis Securities Ltd raised Renold plc to a buy rating and set a GBX 50 ($0.62) price target for the company in a report on Thursday.
Renold plc (LON:RNO) traded up 0.62% during trading on Thursday, hitting GBX 40.50. 88,850 shares of the stock traded hands. The firm’s 50-day moving average is GBX 40.06 and its 200-day moving average is GBX 39.66. Renold plc has a 12 month low of GBX 28.20 and a 12 month high of GBX 74.00. The stock’s market cap is GBX 90.34 million.
About Renold plc
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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