Renold (LON:RNO) had its target price reduced by FinnCap from GBX 50 ($0.69) to GBX 40 ($0.55) in a research note issued on Friday. The firm presently has a “hold” rating on the stock. FinnCap’s price objective indicates a potential upside of 16.79% from the stock’s current price.
Separately, Numis Securities restated a “buy” rating and set a GBX 70 ($0.97) target price on shares of Renold in a research report on Wednesday, November 22nd.
Renold (LON:RNO) opened at GBX 34.25 ($0.47) on Friday. The company has a market capitalization of $77.21 and a P/E ratio of 856.25. Renold has a 52-week low of GBX 33 ($0.46) and a 52-week high of GBX 65 ($0.90).
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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