Fenner plc Stock Rating Reaffirmed by Jefferies Group (FENR)
Fenner plc (LON:FENR)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group in a research report issued on Wednesday, Analyst Ratings Network.com reports. They currently have a GBX 490 ($8.23) price target on the stock. Jefferies Group’s price target points to a potential upside of 18.62% from the stock’s previous close.
Fenner plc (LON:FENR) opened at 413.10 on Wednesday. Fenner plc has a 52-week low of GBX 301.93 and a 52-week high of GBX 489.775. The stock’s 50-day moving average is GBX 399.8 and its 200-day moving average is GBX 425.5. The company’s market cap is £800.3 million.
The company also recently announced a dividend, which is scheduled for Monday, September 8th. Investors 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.
A number of other firms have also recently commented on FENR. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Fenner plc in a research note on Monday, April 28th. Separately, analysts at UBS AG reiterated a “buy” rating on shares of Fenner plc in a research note on Thursday, April 24th. They now have a GBX 480 ($8.06) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Fenner plc in a research note on Thursday, April 24th. They now have a GBX 405 ($6.80) price target on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 445 ($7.48).
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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