Several other brokerages also recently 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 Thursday. Numis Securities Ltd upgraded Renold plc to a buy rating and set a GBX 50 ($0.62) target price for the company in a research note on Thursday.
Shares of Renold plc (LON:RNO) traded up 0.62% during trading on Thursday, reaching GBX 40.50. The company had a trading volume of 88,850 shares. The firm has a 50-day moving average price of GBX 40.06 and a 200-day moving average price of GBX 39.66. The company’s market capitalization is GBX 90.34 million. Renold plc has a 52-week low of GBX 28.20 and a 52-week high of GBX 74.00.
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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