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Fenner (LON:FENR)‘s stock had its “neutral” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research report issued on Wednesday, Analyst Ratings Network reports. They currently have a GBX 340 ($5.32) price objective on the stock. JPMorgan Chase & Co.’s price objective suggests a potential downside of 12.71% from the company’s current price.
A number of other analysts have also recently weighed in on FENR. Analysts at N+1 Singer reiterated a “hold” rating on shares of Fenner (LON:FENR) in a research note to investors on Tuesday. They now have a GBX 363 ($5.68) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Fenner (LON:FENR) in a research note to investors on Tuesday. They now have a GBX 415 ($6.49) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Fenner (LON:FENR) in a research note to investors on Tuesday. They now have a GBX 430 ($6.72) price target on the stock.
Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Fenner currently has a consensus rating of “Hold” and a consensus target price of GBX 399.79 ($6.25).
Shares of Fenner (LON:FENR) opened at 389.50 on Wednesday. Fenner has a 52-week low of GBX 301.93 and a 52-week high of GBX 439.00. The stock’s 50-day moving average is GBX 354.2 and its 200-day moving average is GBX 360.0. The company’s market cap is £753.9 million.
Fenner PLC is a manufacturer and distributor of reinforced polymer products. It operates in two segments: conveyor belting, which is engaged in the manufacture of rubber, polyvinyl chloride and steel cord conveyor belts, 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.Image may be NSFW.
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