Fenner plc (FENR) Receives Consensus Rating of “Hold” from Analysts
Fenner plc (LON:FENR) has been given an average rating of “Hold” by the thirteen ratings firms that are presently covering the company. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 139.64 ($1.73).
FENR has been the topic of a number of recent research reports. Peel Hunt upped their target price on shares of Fenner plc from GBX 180 ($2.23) to GBX 190 ($2.35) and gave the company a “buy” rating in a report on Friday, August 19th. Numis Securities Ltd restated a “buy” rating and issued a GBX 200 ($2.48) target price on shares of Fenner plc in a report on Wednesday, September 7th. Jefferies Group upped their target price on shares of Fenner plc from GBX 181 ($2.24) to GBX 205 ($2.54) and gave the company a “buy” rating in a report on Friday, September 9th. FinnCap restated a “hold” rating and issued a GBX 125 ($1.55) target price on shares of Fenner plc in a report on Tuesday, July 19th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 119 ($1.47) target price on shares of Fenner plc in a report on Monday, August 8th.
Shares of Fenner plc (LON:FENR) traded down 1.56% during midday trading on Tuesday, hitting GBX 220.50. 213,237 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is GBX 186.50 and its 200 day moving average price is GBX 158.32. Fenner plc has a one year low of GBX 95.25 and a one year high of GBX 224.34. The firm’s market cap is GBX 427.52 million.
About Fenner plc
Fenner PLC is a United Kingdom-based provider of engineered solutions for performance-critical applications. The Company’s business segments include Engineered Conveyor Solutions and Advanced Engineered Products. The Engineered Conveyor Solutions is engaged in the manufacture of rubber plywood, solid woven and steel cord conveyor belting for mining, power generation and industrial applications with complementary service operations, which design, install, monitor, maintain and operate conveyor systems for mining and industrial customers.
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