Fenner plc (LON:FENR) had its price target raised by stock analysts at JPMorgan Chase & Co. from GBX 167 ($2.09) to GBX 175 ($2.19) in a report released on Thursday. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential downside of 31.24% from the company’s previous close.

A number of other analysts have also commented on FENR. Peel Hunt boosted their target price 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. HSBC boosted their target price 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. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 200 ($2.50) target price on shares of Fenner plc in a research report on Wednesday, September 7th. FinnCap reaffirmed a “hold” rating on shares of Fenner plc in a research report on Thursday, September 8th. Finally, Jefferies Group boosted their target price 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. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 154.42 ($1.93).

Analyst Recommendations for Fenner plc (LON:FENR)

Fenner plc (LON:FENR) opened at 253.50 on Thursday. The company’s market cap is GBX 491.51 million. Fenner plc has a 52 week low of GBX 95.25 and a 52 week high of GBX 267.00. The stock’s 50 day moving average price is GBX 222.40 and its 200-day moving average price is GBX 176.03.

The firm also recently announced a dividend, which will be paid on Thursday, March 9th. Stockholders of record on Thursday, January 26th will be paid a GBX 2 ($0.02) dividend. 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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