Fenner plc (FENR) Receives Under Review Rating from FinnCap
Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. restated an underweight rating and set a GBX 151 ($1.89) price objective on shares of Fenner plc in a research report on Wednesday, September 14th. Jefferies Group raised their price objective on 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. Peel Hunt raised their price objective on Fenner plc from GBX 180 ($2.25) to GBX 190 ($2.37) and gave the company a buy rating in a research report on Friday, August 19th. Citigroup Inc. restated a buy rating on shares of Fenner plc in a research report on Tuesday. Finally, HSBC raised their price objective on 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. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 148.58 ($1.86).
Fenner plc (LON:FENR) traded down 0.49% on Wednesday, reaching GBX 255.75. The company’s stock had a trading volume of 2,804,768 shares. The firm has a 50-day moving average of GBX 218.33 and a 200-day moving average of GBX 174.70. The company’s market capitalization is GBX 496.16 billion. Fenner plc has a one year low of GBX 95.25 and a one year high of GBX 267.00.
The business also recently declared a dividend, which will be paid on Thursday, March 9th. Investors of record on Thursday, January 26th will be given a dividend of GBX 2 ($0.02) per share. This represents a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, January 26th. This is an increase from Fenner plc’s previous dividend of $1.00.
Fenner plc Company Profile
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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