Fenner plc Rating Reiterated by Numis Securities Ltd (FENR)
Fenner plc (LON:FENR)‘s stock had its “hold” rating reissued by investment analysts at Numis Securities Ltd in a note issued to investors on Thursday. They currently have a GBX 375 ($6.22) target price on the stock. Numis Securities Ltd’s price target would suggest a potential upside of 3.73% from the stock’s previous close.
FENR has been the subject of a number of other recent research reports. 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 ($6.80) 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 ($5.59) price target on the stock. Finally, analysts at Investec cut their price target on shares of Fenner plc from GBX 320 ($5.31) to GBX 300 ($4.98) in a research note on Wednesday, July 16th. They now have a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 383.92 ($6.37).
Fenner plc (LON:FENR) opened at 359.42 on Thursday. Fenner plc has a 52-week low of GBX 320.00 and a 52-week high of GBX 488.00. The stock’s 50-day moving average is GBX 349.8 and its 200-day moving average is GBX 378.8. The company’s market cap is £696.6 million.
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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