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Renold PLC (LON:RNO) target price held steady at 70.00GBX, issued a report today by Numis

Renold PLC (LON:RNO) had its target price hold steady to 70.00GBX by Numis in a report released 12/05/2017. The new target price indicates a possible upside of 0.41% based on the company's last closing price.

Previously on 11/22/2017, Numis reported on Renold PLC (LON:RNO) held steady the target price at 70.00GBX. At the time, this indicated a possible upside of 0.41%.

Yesterday Renold PLC (LON:RNO) traded 2.33% higher at 49.75GBX. The company’s 50-day moving average is 50.12GBX and its 200-day moving average is 54.25GBX. The last closing price is down -18.89% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time. 110,012 shares of the stock were exchanged, up from an average trading volume of 59,138

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Renold PLC (LON:RNO)

Renold PLC has a 52 week low of 38.55GBX and a 52 week high of 65.00GBX with a P/E ratio of 20.95 The company’s market cap is currently 0 GBX.

In addition to Numis reporting its target price, a total of 4 brokers have issued a report on the stock. The consensus target price is 51.75GBX with 2 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 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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