Peel Hunt Reiterates Buy Rating for Renold (RNO)

Renold (LON:RNO)‘s stock had its “buy” rating reissued by equities research analysts at Peel Hunt in a note issued to investors on Tuesday.

Shares of RNO opened at GBX 32.95 ($0.43) on Tuesday. Renold has a 12 month low of GBX 32.12 ($0.42) and a 12 month high of GBX 65 ($0.85).

About Renold

Renold plc manufactures and sells high precision engineered and power transmission products in the United Kingdom, rest of Europe, North America, and internationally. The company operates in two segments, Chain and Torque Transmission. It offers standard, welded steel, trident, and draw bench conveyor chains, as well as conveyor chains for theme parks; and bucket elevator, escalator, heavy duty drag, and waste water treatment chains, as well as standard attachments.

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