Credit Suisse Reiterates “Outperform” Rating for Fenner (FENR)
Fenner (LON:FENR)‘s stock had its “outperform” rating reiterated by investment analysts at Credit Suisse in a note issued to investors on Monday, AR Network reports. They currently have a GBX 490 ($7.82) target price on the stock. Credit Suisse’s price objective suggests a potential upside of 23.64% from the company’s current price.
Shares of Fenner (LON:FENR) traded down 0.50% during mid-day trading on Monday, hitting GBX 396.30. The stock had a trading volume of 223,946 shares. Fenner has a one year low of GBX 301.93 and a one year high of GBX 439.00. The stock’s 50-day moving average is GBX 366.7 and its 200-day moving average is GBX 360.0. The company’s market cap is £767.0 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 in a research note to investors on Wednesday, October 2nd. They now have a GBX 340 ($5.43) price target on the stock. Separately, analysts at Investec downgraded shares of Fenner from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, September 18th. They now have a GBX 375 ($5.99) price target on the stock, up previously from GBX 370 ($5.91). One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Fenner currently has a consensus rating of “Hold” and a consensus price target of GBX 408.54 ($6.52).
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.