Numis Securities Ltd upgraded shares of Renold plc (LON:RNO) to a buy rating in a research note issued to investors on Thursday. They currently have GBX 50 ($0.61) price target on the stock.

Separately, FinnCap reissued a hold rating and issued a GBX 42 ($0.51) price objective on shares of Renold plc in a report on Thursday, October 13th.

Shares of Renold plc (LON:RNO) opened at 41.50 on Thursday. The firm’s 50-day moving average is GBX 39.97 and its 200 day moving average is GBX 39.91. Renold plc has a 52 week low of GBX 28.20 and a 52 week high of GBX 73.40. The firm’s market cap is GBX 92.57 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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