Fenner plc (FENR) Receives Consensus Rating of “Hold” from Analysts
Shares of Fenner plc (LON:FENR) have been given an average rating of “Hold” by the thirteen brokerages that are covering the firm. Five research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 139.64 ($1.73).
Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on Fenner plc from GBX 151 ($1.87) to GBX 153 ($1.89) and gave the stock an “underweight” rating in a research report on Monday, September 26th. Jefferies Group lifted their price target on Fenner plc from GBX 181 ($2.24) to GBX 205 ($2.54) and gave the stock a “buy” rating in a research report on Friday, September 9th. FinnCap reaffirmed a “hold” rating on shares of Fenner plc in a research report on Thursday, September 8th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 200 ($2.48) price target on shares of Fenner plc in a research report on Wednesday, September 7th. Finally, HSBC lifted their price target on Fenner plc from GBX 119 ($1.47) to GBX 151 ($1.87) and gave the stock an “underweight” rating in a research report on Wednesday, September 7th.
Fenner plc (LON:FENR) traded down 1.56% during midday trading on Tuesday, reaching GBX 220.50. The company’s stock had a trading volume of 213,237 shares. The firm’s market capitalization is GBX 427.52 million. The firm has a 50 day moving average price of GBX 186.50 and a 200 day moving average price of GBX 158.32. Fenner plc has a 1-year low of GBX 95.25 and a 1-year high of GBX 224.34.
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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