Fenner Given Buy Rating at Jefferies Group (FENR)
Fenner (LON:FENR)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Group in a research report issued to clients and investors on Wednesday, AmericanBankingNews.com reports. They currently have a GBX 505 ($8.32) target price on the stock. Jefferies Group’s price target suggests a potential upside of 9.90% from the company’s current price.
A number of other firms have also recently commented on FENR. Analysts at FinnCap reiterated a “buy” rating on shares of Fenner in a research note to investors on Wednesday. They now have a GBX 532 ($8.77) price target on the stock. Separately, analysts at Peel Hunt downgraded shares of Fenner to a “hold” rating in a research note to investors on Monday. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 444.08 ($7.32).
Shares of Fenner (LON:FENR) traded up 0.94% on Wednesday, hitting GBX 459.50. The stock had a trading volume of 1,017,891 shares. Fenner has a 52-week low of GBX 301.93 and a 52-week high of GBX 488.00. The stock has a 50-day moving average of GBX 457.4 and a 200-day moving average of GBX 398.3. The company’s market cap is £890.2 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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