Numis Securities Ltd Reiterates “Add” Rating for Fenner (FENR)
Fenner (LON:FENR)‘s stock had its “add” rating reiterated by Numis Securities Ltd in a research note issued on Wednesday, Analyst RN reports. They currently have a GBX 475 ($7.79) price objective on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 14.71% from the company’s current price.
A number of other analysts have also recently weighed in on FENR. Analysts at Jefferies Group reiterated a “buy” rating on shares of Fenner in a research note on Wednesday. They now have a GBX 505 ($8.29) price target on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Fenner in a research note on Monday, February 3rd. They set a “buy” rating and a GBX 500 ($8.20) price target on the stock. Finally, analysts at UBS AG reiterated a “buy” rating on shares of Fenner in a research note on Thursday, January 16th. They now have a GBX 500 ($8.20) price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 457 ($7.50).
Shares of Fenner (LON:FENR) traded up 0.53% during mid-day trading on Wednesday, hitting GBX 416.30. 73,924 shares of the company’s stock traded hands. 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 446.2 and its 200-day moving average is GBX 411.5. The company’s market cap is £806.5 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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