FinnCap Reiterates “Hold” Rating for Renold plc (RNO)
Renold plc (LON:RNO)‘s stock had its “hold” rating reiterated by equities research analysts at FinnCap in a note issued to investors on Thursday. They presently have a GBX 42 ($0.52) target price on the stock. FinnCap’s price objective indicates a potential upside of 2.75% from the company’s current price.
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 capitalization is GBX 91.18 million. Renold plc has a 1-year low of GBX 28.20 and a 1-year 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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