Fenner plc (FENR) Receives GBX 140.91 Average PT from Brokerages
Fenner plc (LON:FENR) has been given a consensus recommendation of “Hold” by the thirteen analysts that are currently covering the firm. Five investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 157.09 ($1.96).
FENR has been the subject of a number of research reports. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 200 ($2.50) price objective on shares of Fenner plc in a research note on Wednesday, September 7th. Citigroup Inc. reaffirmed a “buy” rating on shares of Fenner plc in a research note on Tuesday, November 15th. JPMorgan Chase & Co. reaffirmed 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 reaffirmed a “hold” rating on shares of Fenner plc in a research note on Thursday, September 8th. Finally, Jefferies Group lifted 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 note on Friday, September 9th.
Shares of Fenner plc (LON:FENR) opened at 254.50 on Tuesday. Fenner plc has a 1-year low of GBX 95.25 and a 1-year high of GBX 267.00. The firm has a 50-day moving average price of GBX 222.40 and a 200-day moving average price of GBX 176.03. The stock’s market capitalization is GBX 493.44 million.
The firm also recently declared a dividend, which will be paid on Thursday, March 9th. Shareholders of record on Thursday, January 26th will be issued a dividend of GBX 2 ($0.02) per share. This represents a yield of 0.78%. This is an increase from Fenner plc’s previous dividend of $1.00. The ex-dividend date of this dividend is Thursday, January 26th.
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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