Fenner plc (FENR) Downgraded by Numis Securities Ltd to Add
Numis Securities Ltd downgraded shares of Fenner plc (LON:FENR) to an add rating in a research note published on Thursday. Numis Securities Ltd currently has GBX 300 ($3.75) price objective on the stock.
FENR has been the topic of a number of other research reports. Citigroup Inc. reaffirmed a buy rating on shares of Fenner plc in a research note on Tuesday. JPMorgan Chase & Co. reissued an underweight rating and issued a GBX 151 ($1.89) price objective on shares of Fenner plc in a research note on Wednesday, September 14th. FinnCap reissued a hold rating on shares of Fenner plc in a research note on Thursday, September 8th. Jefferies Group boosted their price objective on shares of Fenner plc from GBX 181 ($2.26) to GBX 205 ($2.56) and gave the stock a buy rating in a research note on Friday, September 9th. Finally, HSBC boosted their price objective on shares of Fenner plc from GBX 119 ($1.49) to GBX 151 ($1.89) and gave the stock an underweight rating in a research note on Wednesday, September 7th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 154.42 ($1.93).
Shares of Fenner plc (LON:FENR) traded down 0.49% during mid-day trading on Thursday, reaching GBX 254.50. The company had a trading volume of 1,184,126 shares. The stock has a 50 day moving average of GBX 220.08 and a 200-day moving average of GBX 175.26. Fenner plc has a one year low of GBX 95.25 and a one year high of GBX 267.00. The firm’s market capitalization is GBX 493.44 million.
The company also recently disclosed a dividend, which will be paid on Thursday, March 9th. Shareholders of record on Thursday, January 26th will be given a GBX 2 ($0.02) dividend. This represents a yield of 0.78%. This is an increase from Fenner plc’s previous dividend of $1.00. The ex-dividend date is Thursday, January 26th.
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.
Receive News & Stock Ratings for Fenner plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fenner plc and related stocks with our FREE daily email newsletter.