Fenner plc’s (FENR) Buy Rating Reaffirmed at Peel Hunt
Peel Hunt restated their buy rating on shares of Fenner plc (LON:FENR) in a research report report published on Tuesday morning. Peel Hunt currently has a GBX 380 ($4.91) price objective on the stock.
FENR has been the subject of a number of other research reports. Investec restated a sell rating and set a GBX 300 ($3.88) target price on shares of Fenner plc in a research note on Monday, July 10th. Numis Securities Ltd upgraded shares of Fenner plc to an add rating and set a GBX 350 ($4.53) target price for the company in a research note on Friday, July 7th. Finally, FinnCap restated a buy rating and set a GBX 385 ($4.98) target price on shares of Fenner plc in a research note on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 329.10 ($4.26).
Fenner plc (LON FENR) opened at 346.25 on Tuesday. The stock’s market capitalization is GBX 671.34 million. The company has a 50 day moving average price of GBX 343.18 and a 200 day moving average price of GBX 316.45. Fenner plc has a 12 month low of GBX 158.50 and a 12 month high of GBX 368.25.
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In other Fenner plc news, insider Chris Surch acquired 5,945 shares of the stock in a transaction on Wednesday, July 12th. The shares were purchased at an average price of GBX 334 ($4.32) per share, for a total transaction of £19,856.30 ($25,680.68).
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 ply belting, 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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