FENNER (FNERF) Upgraded at Zacks Investment Research
FENNER (NASDAQ:FNERF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The brokerage currently has a $5.00 price objective 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 report on Friday, July 7th.
FENNER (FNERF) remained flat at $4.50 during trading on Wednesday. The company’s 50-day moving average is $4.35 and its 200-day moving average is $3.99. FENNER has a 12 month low of $2.46 and a 12 month high of $4.50. The firm has a market capitalization of $872.50 million and a P/E ratio of 236.84.
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