Fenner Stock Rating Lowered by Peel Hunt (FENR)
Fenner (LON:FENR) was downgraded by investment analysts at Peel Hunt to a “hold” rating in a note issued to investors on Monday, Analyst Ratings Net reports.
A number of other analysts have also recently weighed in on FENR. Analysts at Investec raised their price target on shares of Fenner from GBX 385 ($6.34) to GBX 390 ($6.43) in a research note to investors on Monday. They now have a “sell” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 448.25 ($7.39).
Fenner (LON:FENR) traded down 1.77% on Monday, hitting GBX 465.50. The stock had a trading volume of 270,662 shares. 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 456.8 and its 200-day moving average is GBX 396.3. The company’s market cap is £901.8 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.
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