Fenner Given Buy Rating at Jefferies Group (FENR)
Fenner (LON:FENR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Group in a research note issued to investors on Tuesday, American Banking News reports. They currently have a GBX 430 ($6.72) price objective on the stock. Jefferies Group’s price objective would indicate a potential upside of 10.40% from the stock’s previous close.
Fenner (LON:FENR) traded up 5.01% during mid-day trading on Tuesday, hitting GBX 389.50. 1,379,976 shares of the company’s stock traded hands. Fenner has a 1-year low of GBX 301.93 and a 1-year high of GBX 439.00. The stock has a 50-day moving average of GBX 354.2 and a 200-day moving average of GBX 360.0. The company’s market cap is £753.9 million.
FENR has been the subject of a number of other recent research reports. Analysts at Nplus1 Brewin reiterated a “hold” rating on shares of Fenner (LON:FENR) in a research note to investors on Tuesday. They now have a GBX 363 ($5.68) price target on the stock. Finally, analysts at Investec raised their price target on shares of Fenner (LON:FENR) from GBX 330 ($5.16) to GBX 370 ($5.78) in a research note to investors on Tuesday. They now have a “hold” rating on the stock.
Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 399.79 ($6.25).
Fenner PLC is a manufacturer and distributor of reinforced polymer products. It operates in two segments: conveyor belting, which is engaged in the manufacture of rubber, polyvinyl chloride and steel cord conveyor belts, and advanced engineered products, which is engaged in the manufacture of precision polymer products; problem-solving power transmission and motion transfer components; silicone and complex hoses for heavy duty trucks, buses and off-road vehicles; seals and sealing solutions for the fluid power and oil and gas industries; technical textiles for medical and industrial applications and silicone based products for medical applications; rollers for digital image processing and medical diagnostics, and fluropolymer components for fluid and gas handling.
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