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 ten research firms that are presently covering the firm, MarketBeat.com reports. Two research 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. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 329.10 ($4.29).
A number of brokerages have recently issued reports on FENR. Peel Hunt reissued a “buy” rating and issued a GBX 380 ($4.95) target price on shares of Fenner plc in a report on Tuesday. Investec reissued a “sell” rating and issued a GBX 300 ($3.91) target price on shares of Fenner plc in a report on Monday, July 10th. Numis Securities Ltd raised Fenner plc to an “add” rating and set a GBX 350 ($4.56) target price for the company in a report on Friday, July 7th. FinnCap reissued a “buy” rating and issued a GBX 385 ($5.02) target price on shares of Fenner plc in a report on Tuesday, June 27th. Finally, Jefferies Group LLC increased their target price on Fenner plc from GBX 285 ($3.71) to GBX 380 ($4.95) and gave the stock a “buy” rating in a report on Friday, April 28th.
Fenner plc (LON:FENR) opened at 343.75 on Friday. The company’s 50-day moving average price is GBX 320.58 and its 200-day moving average price is GBX 311.15. The firm’s market cap is GBX 666.49 million. Fenner plc has a 52-week low of GBX 156.25 and a 52-week high of GBX 353.00.
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In other Fenner plc news, insider Chris Surch purchased 5,945 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The stock was purchased at an average cost of GBX 334 ($4.35) per share, with a total value of £19,856.30 ($25,868.03).
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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