Fenner plc (FENR) Stock Rating Reaffirmed by Peel Hunt
Fenner plc (LON:FENR)‘s stock had its “add” rating reaffirmed by analysts at Peel Hunt in a research report issued on Friday. They presently have a GBX 260 ($3.25) price objective on the stock. Peel Hunt’s target price points to a potential upside of 2.77% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Fenner plc from GBX 153 ($1.91) to GBX 167 ($2.09) and gave the company an “underweight” rating in a research report on Monday, November 7th. Numis Securities Ltd cut Fenner plc to an “add” rating and set a GBX 300 ($3.75) price objective for the company. in a research report on Thursday, November 17th. Jefferies Group increased 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. FinnCap reissued an “under review” rating on shares of Fenner plc in a research report on Wednesday, November 16th. Finally, HSBC increased 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 analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 154.42 ($1.93).
Shares of Fenner plc (LON:FENR) opened at 252.50 on Friday. The company’s market cap is GBX 489.57 million. The firm’s 50-day moving average is GBX 223.88 and its 200 day moving average is GBX 177.08. Fenner plc has a 1-year low of GBX 95.25 and a 1-year high of GBX 267.00.
The firm also recently announced a dividend, which will be paid on Thursday, March 9th. Stockholders of record on Thursday, January 26th will be issued a dividend of GBX 2 ($0.02) per share. This represents a dividend yield of 0.78%. The ex-dividend date is Thursday, January 26th. This is a boost from Fenner plc’s previous dividend of $1.00.
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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