Fenner’s Hold Rating Reaffirmed at Nplus1 Brewin (FENR)
Fenner (LON:FENR)‘s stock had its “hold” rating restated by investment analysts at Nplus1 Brewin in a note issued to investors on Tuesday, AnalystRatings.Net reports. They currently have a GBX 363 ($5.68) price objective on the stock. Nplus1 Brewin’s price objective would suggest a potential downside of 6.80% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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 Citigroup Inc. reiterated a “buy” rating on shares of Fenner (LON:FENR) in a research note to investors on Friday, July 19th. They now have a GBX 415 ($6.49) price target on the stock, down previously from GBX 457 ($7.15).
Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Fenner has a consensus rating of “Hold” and an average target price of GBX 399.79 ($6.25).
Shares of Fenner (LON:FENR) traded up 5.01% 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 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.
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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