Renold plc (LON:RNO) had its price objective trimmed by N+1 Singer from GBX 95 ($1.16) to GBX 65 ($0.79) in a report released on Thursday morning. The firm currently has a buy rating on the stock.

Several other brokerages have also weighed in on RNO. FinnCap reissued a hold rating and set a GBX 42 ($0.51) target price on shares of Renold plc in a research report on Monday, July 18th. Numis Securities Ltd raised Renold plc to a buy rating and set a GBX 50 ($0.61) target price on the stock in a research report on Thursday, October 13th.

Shares of Renold plc (LON:RNO) opened at 41.45 on Thursday. The firm has a 50-day moving average price of GBX 39.81 and a 200 day moving average price of GBX 39.82. Renold plc has a 52-week low of GBX 28.20 and a 52-week high of GBX 74.00. The stock’s market cap is GBX 92.46 million.

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.

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