Fenner Stock Rating Reaffirmed by JPMorgan Chase & Co. (FENR)
Fenner (LON:FENR)‘s stock had its “neutral” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a report released on Wednesday, StockRatingsNetwork.com reports. They currently have a GBX 340 ($5.32) target price on the stock. JPMorgan Chase & Co.’s target price would indicate a potential downside of 12.84% from the company’s current price.
FENR has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, 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.
Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 399.79 ($6.25).
Fenner (LON:FENR) traded up 0.15% on Wednesday, hitting GBX 390.10. 808,172 shares of the company’s stock traded hands. Fenner has a 1-year low of GBX 301.93 and a 1-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 £755.0 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.