Peel Hunt Increases Fenner (FENR) Price Target to GBX 500
Fenner (LON:FENR) had its price objective lifted by Peel Hunt from GBX 425 ($5.76) to GBX 500 ($6.78) in a research report report published on Thursday morning. Peel Hunt currently has a buy rating on the stock.
Several other research analysts have also weighed in on FENR. Numis Securities reaffirmed a hold rating and issued a GBX 425 ($5.76) target price on shares of Fenner in a research report on Thursday. N+1 Singer reaffirmed a buy rating and issued a GBX 400 ($5.42) target price on shares of Fenner in a research report on Wednesday, November 15th. Citigroup increased their target price on Fenner from GBX 400 ($5.42) to GBX 425 ($5.76) and gave the stock a buy rating in a research report on Monday, November 20th. JPMorgan Chase & Co. increased their target price on Fenner from GBX 345 ($4.68) to GBX 380 ($5.15) and gave the stock a neutral rating in a research report on Thursday, November 16th. Finally, FinnCap reaffirmed a buy rating and issued a GBX 385 ($5.22) target price on shares of Fenner in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of GBX 417.22 ($5.66).
Fenner (FENR) opened at GBX 503.50 ($6.83) on Thursday. The firm has a market capitalization of $976.80 and a price-to-earnings ratio of 2,797.22. Fenner has a 52-week low of GBX 273.75 ($3.71) and a 52-week high of GBX 509.50 ($6.91).
The business also recently disclosed a dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, January 25th will be given a GBX 2.80 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, January 25th. This is a positive change from Fenner’s previous dividend of $1.40. This represents a yield of 0.68%.
Fenner 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.
Receive News & Ratings for Fenner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fenner and related companies with MarketBeat.com's FREE daily email newsletter.