Fenner Given “Neutral” Rating at Credit Suisse (FENR)
Fenner (LON:FENR)‘s stock had its “neutral” rating reiterated by analysts at Credit Suisse in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork.com reports. They currently have a GBX 390 ($6.10) target price on the stock, up from their previous target price of GBX 340 ($5.32). Credit Suisse’s target price would indicate a potential upside of 0.13% from the stock’s previous close.
Fenner (LON:FENR) opened at 392.50 on Wednesday. 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 £759.7 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Fenner (LON:FENR) in a research note to investors on Wednesday. They now have a GBX 340 ($5.32) price target on the stock. Separately, analysts at N+1 Singer 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 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.
Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus 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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