Citigroup Inc. Reaffirms Buy Rating for Fenner plc (FENR)
Fenner plc (LON:FENR)‘s stock had its “buy” rating reiterated by stock analysts at Citigroup Inc. in a report issued on Tuesday.
A number of other equities research analysts also recently commented on the stock. Numis Securities Ltd restated a “buy” rating and issued a GBX 200 ($2.50) price objective on shares of Fenner plc in a research report on Wednesday, September 7th. HSBC raised their price objective on shares of Fenner plc from GBX 119 ($1.49) to GBX 151 ($1.89) and gave the company an “underweight” rating in a research report on Wednesday, September 7th. FinnCap restated a “hold” rating on shares of Fenner plc in a research report on Thursday, September 8th. JPMorgan Chase & Co. raised their price objective on shares of Fenner plc from GBX 151 ($1.89) to GBX 153 ($1.91) and gave the company an “underweight” rating in a research report on Monday, September 26th. Finally, Jefferies Group raised their price objective on shares of Fenner plc from GBX 181 ($2.26) to GBX 205 ($2.56) and gave the company a “buy” rating in a research report on Friday, September 9th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 139.58 ($1.74).
Shares of Fenner plc (LON:FENR) opened at 233.50 on Tuesday. The stock has a 50 day moving average price of GBX 216.01 and a 200-day moving average price of GBX 173.23. Fenner plc has a 52-week low of GBX 95.25 and a 52-week high of GBX 240.00. The stock’s market capitalization is GBX 452.73 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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