Cantor Fitzgerald retained Renold PLC (LON:RNO) to Buy in a report released today.
- Updated: October 15, 2016
Just yesterday Renold PLC (LON:RNO) traded 1.24% higher at 41.00GBX. Renold PLC’s 50-day moving average is 40.10GBX and its 200-day moving average is 39.69GBX. The last closing price is up 2.67% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 94,129 shares of RNO traded hands, down from an average trading volume of 125,097
Cantor Fitzgerald has retained Renold PLC (LON:RNO) to Buy in a report released on 10/13/2016.
Previously on Thursday September 01, 2016, Cantor Fitzgerald reported on Renold PLC (LON:RNO) held steady the target price at 50.00GBX. At the time, this indicated a possible upside of 0.19%.
Recent Performance Chart
Renold PLC has one year low of 28.20GBX and a one year high of 74.00GBX with a PE ratio of 17.72 and has a total market value of 0 GBX.
A total of 4 equity analysts have released a ratings update on RNO. Two equity analysts rating the company a strong buy, two equity analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of 51.75GBX.
Brief Synopsis 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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