Fenner Price Target Raised to GBX 390 at Investec (FENR)
Investec lifted their price target on shares of Fenner (LON:FENR) from GBX 385 ($6.34) to GBX 390 ($6.43) in a research note issued on Monday, AnalystRatings.Net reports. The firm currently has a “sell” rating on the stock. Investec’s price target would suggest a potential downside of 17.70% from the company’s current price.
Fenner (LON:FENR) opened at 472.60 on Monday. Fenner has a 52 week low of GBX 301.93 and a 52 week high of GBX 488.00. The stock’s 50-day moving average is GBX 455.5 and its 200-day moving average is GBX 394.2. The company’s market cap is £915.6 million.
FENR has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Fenner in a research note to investors on Wednesday, January 8th. They now have a GBX 525 ($8.65) price target on the stock. Separately, 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 ($8.08) price target on the stock. Finally, analysts at FinnCap raised their price target on shares of Fenner from GBX 460 ($7.58) to GBX 532 ($8.77) in a research note to investors on Wednesday, December 11th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 448.25 ($7.39).
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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