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A statement released earlier today by finnCap about Renold PLC (LON:RNO) lowers the target price to 50.00GBX

In a report issued 10/12/2017 finnCap bumped down the target of Renold PLC (LON:RNO) from 65.00GBX to 50.00GBX stating a potential upside of 0.10%.

On 6/27/2017, finnCap reported on Renold PLC (LON:RNO) held steady the target price at 65.00GBX. At the time, this indicated a possible upside of 0%.

Yesterday Renold PLC (LON:RNO) traded -10.68% lower at 45.50GBX. RNO’s 50-day average is 52.85GBX and its 200-day moving average is 55.15GBX. The last stock price is down -16.60% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 109,952 shares of Renold PLC exchanged hands, up from an avg. volume of 68,808

Performance Chart

Renold PLC (LON:RNO)

With a market capitalization of 0 GBX, Renold PLC has P/E ratio of 21.90 with a 52 week low of 38.55GBX and a 52 week high of 65.00GBX .

Also covering Renold PLC's price target, a total of 4 analysts have released a report on Renold PLC. The 12-month price target is 51.75GBX with two analysts rating the company a strong buy, 2 brokerages rating the stock a buy, 1 brokerage rating the company a hold, zero brokerages rating the company a underperform, and lastly 0 brokers rating the stock a sell.

General Information About Renold PLC (LON:RNO)

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. It also offers leaf chain used in the forklift trucks. Its Torque Transmission segment manufactures and sells torque transmission products, such as gearboxes and couplings. It is a manufacturer and developer of coupling and gearbox solutions, from fluid couplings to rubber-in-compression and rubber-in-shear couplings, and a range of worm gears, helical and bevel helical worm drives. It also manufactures gear spindles. The applications of conveyor chain include theme park rides, water treatment plants, cement mills, agricultural machinery, mining and sugar production.

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