Fenner plc’s “Sell” Rating Reaffirmed at Investec (FENR)
Fenner plc (LON:FENR)‘s stock had its “sell” rating reaffirmed by equities researchers at Investec in a research report issued on Wednesday, StockRatingsNetwork.com reports. They currently have a GBX 360 ($6.05) target price on the stock. Investec’s price target points to a potential downside of 7.69% from the company’s current price.
Fenner plc (LON:FENR) opened at 406.70 on Wednesday. Fenner plc has a 1-year low of GBX 301.93 and a 1-year high of GBX 488.00. The stock has a 50-day moving average of GBX 403.2 and a 200-day moving average of GBX 424.9. The company’s market cap is £787.9 million.
A number of other firms have also recently commented on FENR. Analysts at N+1 Singer reiterated a “hold” rating on shares of Fenner plc in a research note on Wednesday. They now have a GBX 395 ($6.63) price target on the stock. Separately, analysts at Nplus1 Brewin reiterated a “hold” rating on shares of Fenner plc in a research note on Wednesday. They now have a GBX 395 ($6.63) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Fenner plc in a research note on Wednesday. They now have a GBX 475 ($7.98) price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 448.57 ($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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