Espirito Santo Investment Bank Research reaffirmed their neutral rating on shares of Fenner (LON:FENR) in a report issued on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 345 ($5.60) target price on the stock.
Shares of Fenner (LON:FENR) opened at 443.60 on Thursday. Fenner has a one year low of GBX 301.93 and a one year high of GBX 467.40. The stock’s 50-day moving average is GBX 418.4 and its 200-day moving average is GBX 369.8. The company’s market cap is £859.3 million.
The company also recently declared a dividend, which is scheduled for Friday, March 7th. Stockholders of record on Wednesday, January 29th will be given a dividend of $7.50 per share. This represents a yield of 1.66%. The ex-dividend date of this dividend is Wednesday, January 29th.
FENR has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Fenner from GBX 440 ($7.14) to GBX 500 ($8.12) in a research note to investors on Tuesday. They now have a neutral rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Fenner from GBX 460 ($7.47) to GBX 500 ($8.12) in a research note to investors on Thursday, November 14th. They now have a buy rating on the stock. Finally, analysts at Credit Suisse reiterated an outperform rating on shares of Fenner in a research note to investors on Wednesday, November 13th. They now have a GBX 490 ($7.95) price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Fenner currently has a consensus rating of Hold and a consensus price target of GBX 426.42 ($6.92).
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.
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