Fenner Given Add Rating at Numis Securities Ltd (FENR)
Fenner (LON:FENR)‘s stock had its “add” rating restated by Numis Securities Ltd in a research note issued on Wednesday, Stock Ratings Network reports. They currently have a GBX 525 ($8.61) price objective on the stock. Numis Securities Ltd’s price target points to a potential upside of 11.23% from the company’s current price.
Fenner (LON:FENR) traded down 0.82% on Wednesday, hitting GBX 472.20. 93,587 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 488.00. The stock’s 50-day moving average is GBX 453.6 and its 200-day moving average is GBX 392.6. The company’s market cap is £914.8 million.
FENR has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Fenner in a research note to investors on Thursday, December 12th. They now have a GBX 490 ($8.04) price target on the stock. Separately, analysts at FinnCap raised their price target on shares of Fenner from GBX 460 ($7.54) to GBX 532 ($8.73) in a research note to investors on Wednesday, December 11th. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Fenner from GBX 430 ($7.05) to GBX 505 ($8.28) in a research note to investors on Monday, December 9th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Fenner has a consensus rating of “Hold” and an average target price of GBX 447.83 ($7.35).
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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