Fenner (LON: FENR)‘s stock had its “hold” rating restated by equities research analysts at Investec in a research note issued to investors on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 330 ($4.98) target price on the stock, down from their previous target price of GBX 335 ($5.06). Investec’s price objective suggests a potential upside of 2.36% from the stock’s previous close.
Shares of Fenner (LON: FENR) opened at 337.00 on Thursday. Fenner has a one year low of GBX 301.93 and a one year high of GBX 439.00. The stock’s 50-day moving average is currently GBX 388.9. The company’s market cap is £652.3 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at N+1 Singer reiterated a “hold” rating on shares of Fenner in a research note to investors on Thursday. They now have a GBX 330 ($4.98) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Fenner in a research note to investors on Thursday. They now have a GBX 380 ($5.74) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Fenner in a research note to investors on Wednesday. They now have a GBX 340 ($5.14) price target on the stock.
Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 394.21 ($5.95).
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.
