FinnCap Reaffirms Hold Rating for Renold plc (RNO)
Renold plc (LON:RNO)‘s stock had its “hold” rating reissued by stock analysts at FinnCap in a research report issued on Tuesday. They currently have a GBX 44 ($0.55) target price on the stock. FinnCap’s price objective would indicate a potential upside of 12.10% from the company’s previous close.
RNO has been the subject of a number of other reports. Numis Securities Ltd upgraded shares of Renold plc to a “buy” rating and set a GBX 50 ($0.62) price objective for the company in a report on Thursday, October 13th. N+1 Singer decreased their price objective on shares of Renold plc from GBX 95 ($1.19) to GBX 65 ($0.81) and set a “buy” rating for the company in a report on Thursday, October 13th.
Renold plc (LON:RNO) opened at 39.75 on Tuesday. Renold plc has a 1-year low of GBX 28.20 and a 1-year high of GBX 60.00. The firm’s market capitalization is GBX 88.67 million. The company has a 50-day moving average price of GBX 40.01 and a 200-day moving average price of GBX 40.15.
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.
Receive News & Stock Ratings for Renold plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renold plc and related stocks with our FREE daily email newsletter.