Fenner plc’s “Neutral” Rating Reaffirmed at JPMorgan Chase & Co. (FENR)
Fenner plc (LON:FENR)‘s stock had its “neutral” rating restated by research analysts at JPMorgan Chase & Co. in a report released on Thursday, ARN reports. They currently have a GBX 405 ($6.80) price target on the stock. JPMorgan Chase & Co.’s price target would indicate a potential downside of 1.94% from the company’s current price.
Shares of Fenner plc (LON:FENR) traded up 0.32% during mid-day trading on Thursday, hitting GBX 413.00. 306,787 shares of the company’s stock traded hands. 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 402.1 and a 200-day moving average of GBX 424.8. The company’s market cap is £800.1 million.
The company also recently announced a dividend, which is scheduled for Monday, September 8th. Stockholders of record on Wednesday, July 30th will be paid a dividend of GBX 4 ($0.07) per share. This represents a dividend yield of 0.96%. The ex-dividend date is Wednesday, July 30th.
Several other analysts have also recently commented on the stock. Analysts at Investec cut their price target on shares of Fenner plc from GBX 375 ($6.30) to GBX 360 ($6.05) in a research note on Wednesday. They now have a “sell” rating on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus 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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