Fenner plc Given Average Rating of “Hold” by Brokerages (LON:FENR)
Fenner plc (LON:FENR) has received an average recommendation of “Hold” from the fourteen brokerages that are currently covering the company, Analyst RN reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 383.92 ($6.44).
Fenner plc (LON:FENR) traded up 0.44% during mid-day trading on Thursday, hitting GBX 362.10. The stock had a trading volume of 97,166 shares. Fenner plc has a 1-year low of GBX 320.00 and a 1-year high of GBX 488.00. The stock’s 50-day moving average is GBX 347.7 and its 200-day moving average is GBX 384.4. The company’s market cap is £701.8 million.
A number of analysts have recently weighed in on FENR shares. Analysts at Jefferies Group reiterated a “buy” rating on shares of Fenner plc in a research note on Tuesday, July 22nd. They now have a GBX 410 ($6.88) price target on the stock. Separately, analysts at N+1 Singer reiterated a “hold” rating on shares of Fenner plc in a research note on Wednesday, July 16th. They now have a GBX 337 ($5.65) price target on the stock. Finally, analysts at Investec cut their price target on shares of Fenner plc from GBX 320 ($5.37) to GBX 300 ($5.03) in a research note on Wednesday, July 16th. They now have a “sell” rating on the stock.
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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