Fenner plc Stock Rating Reaffirmed by UBS AG (FENR)
Fenner plc (LON:FENR)‘s stock had its “buy” rating restated by equities research analysts at UBS AG in a research note issued to investors on Friday, American Banking News.com reports. They currently have a GBX 500 ($8.38) price target on the stock. UBS AG’s price target suggests a potential upside of 15.78% from the stock’s previous close.
Shares of Fenner plc (LON:FENR) opened at 431.84 on Friday. Fenner plc has a 1-year low of GBX 301.93 and a 1-year high of GBX 488.00. The stock’s 50-day moving average is GBX 436.3 and its 200-day moving average is GBX 414.8. The company’s market cap is £836.6 million.
A number of other firms have also recently commented on FENR. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Fenner plc in a research note on Wednesday, February 12th. They now have a GBX 475 ($7.96) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Fenner plc in a research note on Wednesday, February 12th. They now have a GBX 505 ($8.46) price target on the stock. Finally, analysts at Canaccord Genuity initiated coverage on shares of Fenner plc in a research note on Monday, February 3rd. They set a “buy” rating and a GBX 500 ($8.38) price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 457 ($7.66).
Fenner PLC is a manufacturer and distributor of reinforced polymer products. It operates in two segments: engineered conveyor solutions, which is engaged in the manufacture of rubber, polyvinyl chloride and steel cord conveyor belts, ply, solid woven and steel cord conveyor belting for mining, power generation and industrial applications 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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