Fenner plc’s (FENR) “Neutral” Rating Reiterated at J P Morgan Chase & Co
Fenner plc (LON:FENR)‘s stock had its “neutral” rating reissued by investment analysts at J P Morgan Chase & Co in a report released on Friday.
Several other equities research analysts also recently weighed in on the stock. FinnCap reissued a “buy” rating and set a GBX 385 ($4.97) price target on shares of Fenner plc in a research report on Tuesday, June 27th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 380 ($4.91) target price on shares of Fenner plc in a research report on Tuesday, July 25th. Investec reaffirmed a “sell” rating and issued a GBX 300 ($3.87) target price on shares of Fenner plc in a research report on Monday, July 10th. Finally, Numis Securities Ltd raised shares of Fenner plc to an “add” rating and set a GBX 350 ($4.52) target price for the company in a research report on Friday, July 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Fenner plc presently has a consensus rating of “Hold” and an average target price of GBX 348.89 ($4.51).
Fenner plc (FENR) opened at 347.75 on Friday. Fenner plc has a 52 week low of GBX 180.00 and a 52 week high of GBX 368.25. The stock has a 50 day moving average price of GBX 345.99 and a 200-day moving average price of GBX 319.36. The stock’s market cap is GBX 674.25 million.
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In other news, insider Chris Surch bought 5,945 shares of the stock in a transaction that occurred on Wednesday, July 12th. The shares were bought at an average price of GBX 334 ($4.31) per share, for a total transaction of £19,856.30 ($25,644.19).
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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