Fenner plc (LON:FENR) Insider Chris Surch Purchases 5,945 Shares
Fenner plc (LON:FENR) insider Chris Surch bought 5,945 shares of Fenner plc stock in a transaction that occurred on Wednesday, July 12th. The shares were acquired at an average cost of GBX 334 ($4.33) per share, for a total transaction of £19,856.30 ($25,720.60).
Fenner plc (LON:FENR) traded up 0.82% on Wednesday, hitting GBX 336.50. The stock had a trading volume of 663,990 shares. The firm’s market cap is GBX 652.43 million. Fenner plc has a one year low of GBX 147.62 and a one year high of GBX 351.25. The company’s 50-day moving average price is GBX 306.60 and its 200 day moving average price is GBX 297.83.
The company also recently disclosed a dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, July 27th will be paid a GBX 1.40 ($0.02) dividend. This represents a yield of 0.43%. The ex-dividend date is Thursday, July 27th.
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Several research analysts recently issued reports on FENR shares. Numis Securities Ltd raised Fenner plc to an “add” rating and set a GBX 350 ($4.53) target price on the stock in a research report on Friday, July 7th. Citigroup Inc. upped their target price on Fenner plc from GBX 348 ($4.51) to GBX 380 ($4.92) and gave the company a “buy” rating in a research report on Thursday, April 20th. FinnCap reissued a “buy” rating and issued a GBX 335 ($4.34) price objective on shares of Fenner plc in a report on Wednesday, April 19th. Peel Hunt reissued a “buy” rating and issued a GBX 360 ($4.66) price objective on shares of Fenner plc in a report on Wednesday, April 19th. Finally, N+1 Singer reissued a “buy” rating and issued a GBX 385 ($4.99) price objective on shares of Fenner plc in a report on Wednesday, April 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 331.78 ($4.30).
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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