Renold (RNO) Rating Reiterated by Numis Securities
Renold (LON:RNO)‘s stock had its “buy” rating reiterated by equities research analysts at Numis Securities in a note issued to investors on Tuesday. They currently have a GBX 70 ($0.94) target price on the stock. Numis Securities’ price target indicates a potential upside of 43.58% from the company’s current price.
Separately, FinnCap downgraded Renold to a “hold” rating and reduced their target price for the stock from GBX 65 ($0.87) to GBX 50 ($0.67) in a research note on Thursday, October 12th.
Shares of Renold (LON RNO) opened at GBX 48.75 ($0.66) on Tuesday. Renold has a 12-month low of GBX 41 ($0.55) and a 12-month high of GBX 65 ($0.87).
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Renold 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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