Fenner Rating Reiterated by JPMorgan Chase & Co. (FENR)
Fenner (LON:FENR)‘s stock had its “neutral” rating restated by research analysts at JPMorgan Chase & Co. in a report released on Thursday, American Banking and Market News reports.
Fenner (LON:FENR) traded down 1.33% on Thursday, hitting GBX 453.40. 464,729 shares of the company’s stock traded hands. Fenner has a one year low of GBX 301.93 and a one year high of GBX 488.00. The stock’s 50-day moving average is GBX 457.9 and its 200-day moving average is GBX 398.7. The company’s market cap is £878.4 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 Wednesday. They now have a GBX 490 ($8.08) price target on the stock. Separately, analysts at N+1 Singer reiterated a “hold” rating on shares of Fenner in a research note to investors on Wednesday. They now have a GBX 395 ($6.51) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Fenner in a research note to investors on Wednesday. They now have a GBX 505 ($8.32) price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 453.55 ($7.47).
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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