A 145-year-old British industrial company is positioned to capitalize on major trends, including the reshoring of manufacturing and increased defense spending, according to analysts at Shore Capital. London-listed Renold plc , which traces its roots to 1879 and Hans Renold , the inventor of roller chains, is the world's second-largest industrial chain manufacturer. Shore Capital has a "buy" rating and a target price of 90 pence per share, which points to more than 60% upside from the current share price of 55 pence. U.K. shares are generally priced in pence, with 100 pence equal to one British pound ($1.27). In September, Renold acquired MAC Chain Company for $31.4 million, expanding its presence in the United States and Canada even further.

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Persons: Hans Renold, Donald Trump, Akhil Patel, Renold, Robert Purcell Organizations: Shore Capital ., Renold, Shore Capital, Shore, MAC Chain Company, The Shore Capital Locations: Shore Capital . London, Manchester, U.S, China, United States, United Kingdom, Australia, Canada