Fenner Given New GBX 370 Price Target at Investec (FENR)
Analysts at Investec boosted their target price on shares of Fenner (LON:FENR) from GBX 330 ($5.16) to GBX 370 ($5.78) in a research report issued to clients and investors on Tuesday, StockRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. Investec’s target price would indicate a potential downside of 5.01% from the stock’s previous close.
Fenner (LON:FENR) traded up 5.01% during mid-day trading on Tuesday, hitting GBX 389.50. The stock had a trading volume of 1,379,976 shares. Fenner has a 52 week low of GBX 301.93 and a 52 week high of GBX 439.00. The stock’s 50-day moving average is GBX 354.2 and its 200-day moving average is GBX 360.0. The company’s market cap is £753.9 million.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Fenner (LON:FENR) in a research note to investors on Monday, August 5th. They now have a GBX 415 ($6.49) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Fenner (LON:FENR) in a research note to investors on Thursday, July 18th. They now have a GBX 430 ($6.72) price target on the stock, down previously from GBX 470 ($7.35).
Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company 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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