Fenner plc Receives “Buy” Rating from Citigroup Inc. (FENR)
Fenner plc (LON:FENR) traded up 0.56% on Wednesday, hitting GBX 359.00. 435,478 shares of the company’s stock traded hands. Fenner plc has a 1-year low of GBX 313.70 and a 1-year high of GBX 488.00. The stock’s 50-day moving average is GBX 356.4 and its 200-day moving average is GBX 405.0. The company’s market cap is £695.8 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse cut their price target on shares of Fenner plc from GBX 490 ($8.40) to GBX 405 ($6.95) in a research note on Monday, June 16th. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Fenner plc from GBX 405 ($6.95) to GBX 355 ($6.09) in a research note on Wednesday, June 11th. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Fenner plc from GBX 490 ($8.40) to GBX 410 ($7.03) in a research note on Tuesday, June 10th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Fenner plc has an average rating of “Hold” and a consensus target price of GBX 397.25 ($6.81).
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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