Zacks Investment Research upgraded shares of FENNER (NASDAQ:FNERF) from a hold rating to a buy rating in a research report report published on Thursday. They currently have $5.00 price target on the stock.
According to Zacks, “Fenner plc is a polymer technology company, which manufactures and distributes conveyor belting and reinforced precision polymer products. It operates through the Engineered Conveyor Solutions and Advanced Engineered Products segments. Engineered Conveyor Solutions segment manufactures rubber ply, solid woven and steel cord conveyor belting for mining, power generation and industrial applications. Advanced Engineered Products segment manufactures precision polymer products including precision drives for computer peripherals, copiers and ATMs; problem solving power transmission and motion transfer components; silicone and complex hoses; seals and sealing solutions for the fluid power and oil and gas industries; technical textiles for medical and industrial applications and silicone based products and fluropolymer components for fluid and gas handling. Fenner plc is headquartered in Hessle, the United Kingdom. “
Separately, Numis Securities Ltd upgraded shares of FENNER from a hold rating to an add rating in a research note on Friday, July 7th.
FENNER (NASDAQ:FNERF) traded down 2.44% on Thursday, reaching $4.40. 3,500 shares of the company were exchanged. The stock has a 50-day moving average price of $4.45 and a 200 day moving average price of $4.16. FENNER has a 52 week low of $2.76 and a 52 week high of $4.51. The stock has a market capitalization of $853.11 million and a price-to-earnings ratio of 231.58.
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