Fenner Given “Hold” Rating at N+1 Singer (FENR)
Fenner (LON:FENR)‘s stock had its “hold” rating reiterated by equities research analysts at N+1 Singer in a research note issued to investors on Tuesday, American Banking and Market News reports. They currently have a GBX 363 ($5.68) price target on the stock. N+1 Singer’s price objective would indicate a potential downside of 2.13% from the stock’s previous close.
Shares of Fenner (LON:FENR) opened at 394.70 on Tuesday. Fenner has a 52-week low of GBX 301.93 and a 52-week high of GBX 439.00. The stock has a 50-day moving average of GBX 353.2 and a 200-day moving average of GBX 360.2. The company’s market cap is £763.9 million.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Fenner (LON:FENR) in a research note to investors on Tuesday. They now have a GBX 415 ($6.49) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Fenner (LON:FENR) in a research note to investors on Tuesday. They now have a GBX 430 ($6.72) price target on the stock. Finally, 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.
Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Fenner currently has a consensus rating of “Hold” and an average price target 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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