Renold plc (LON:RNO) was upgraded by Numis Securities Ltd to a “buy” rating in a research note issued to investors on Thursday. The firm presently has a GBX 50 ($0.62) price objective on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 22.32% from the stock’s previous close.
Separately, FinnCap reiterated a “hold” rating and issued a GBX 42 ($0.52) price objective on shares of Renold plc in a research report on Thursday.
Shares of Renold plc (LON:RNO) opened at 40.875 on Thursday. The stock has a 50 day moving average of GBX 40.10 and a 200 day moving average of GBX 39.69. The firm’s market cap is GBX 91.18 million. Renold plc has a 52 week low of GBX 28.20 and a 52 week high of GBX 74.00.
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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.