Fenner plc Rating Reiterated by JPMorgan Chase & Co. (FENR)
Fenner plc (LON:FENR)‘s stock had its “neutral” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Wednesday, American Banking News reports. They currently have a GBX 405 ($6.74) target price on the stock. JPMorgan Chase & Co.’s price objective points to a potential downside of 6.05% from the company’s current price.
Fenner plc (LON:FENR) traded down 1.44% during mid-day trading on Wednesday, hitting GBX 431.10. The stock had a trading volume of 242,580 shares. Fenner plc has a one year low of GBX 301.93 and a one year high of GBX 488.00. The stock has a 50-day moving average of GBX 432.7 and a 200-day moving average of GBX 417.4. The company’s market cap is £835.2 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG reiterated a “buy” rating on shares of Fenner plc in a research note on Friday, February 21st. They now have a GBX 500 ($8.32) price target on the stock. Separately, 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 ($7.90) price target on the stock. Finally, 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 ($8.40) price target on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 452.67 ($7.53).
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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