Nplus1 Brewin Reiterates Hold Rating for Fenner (FENR)
Fenner (LON:FENR)‘s stock had its “hold” rating reaffirmed by equities research analysts at Nplus1 Brewin in a research note issued to investors on Tuesday, American Banking News reports. They currently have a GBX 363 ($5.68) price target on the stock. Nplus1 Brewin’s price objective would indicate a potential downside of 6.80% from the company’s current price.
FENR has been the subject of a number of other recent research reports. 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 399.79 ($6.25).
Fenner (LON:FENR) traded up 5.01% on Tuesday, hitting GBX 389.50. 1,379,976 shares of the company’s stock traded hands. Fenner has a one year low of GBX 301.93 and a one 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.
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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