Zacks Investment Research Lowers Fenner (FNERF) to Hold

Zacks Investment Research cut shares of Fenner (OTCMKTS:FNERF) from a buy rating to a hold rating in a research note released on Wednesday morning. The brokerage currently has $6.75 target price 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. “

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Fenner stock opened at $8.50 on Wednesday. Fenner has a fifty-two week low of $3.91 and a fifty-two week high of $8.50.

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About Fenner

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. The Engineered Conveyor Solutions segment manufactures rubber ply, solid woven and steel cord conveyor belting for mining, power generation and industrial applications.

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