Fenner plc (FENR) Earns Add Rating from Numis Securities Ltd
Fenner plc (LON:FENR)‘s stock had its “add” rating reiterated by investment analysts at Numis Securities Ltd in a research report issued on Friday. They presently have a GBX 385 ($4.97) target price on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 10.55% from the company’s previous close.
Other analysts have also issued reports about the company. J P Morgan Chase & Co restated a “neutral” rating on shares of Fenner plc in a report on Friday. FinnCap restated a “buy” rating and issued a GBX 385 ($4.97) price target on shares of Fenner plc in a report on Tuesday, June 27th. Peel Hunt restated a “buy” rating and issued a GBX 380 ($4.91) price target on shares of Fenner plc in a report on Monday, July 31st. Finally, Investec restated a “sell” rating and issued a GBX 300 ($3.87) price target on shares of Fenner plc in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Fenner plc currently has an average rating of “Hold” and a consensus price target of GBX 352.78 ($4.56).
Fenner plc (LON FENR) traded down 0.71% during midday trading on Friday, hitting GBX 348.25. The stock had a trading volume of 403,132 shares. The stock has a 50-day moving average of GBX 345.72 and a 200-day moving average of GBX 319.57. The firm’s market cap is GBX 675.22 million. Fenner plc has a 52 week low of GBX 183.00 and a 52 week high of GBX 368.25.
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In related news, insider Chris Surch bought 5,945 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were acquired at an average price of GBX 334 ($4.31) per share, for a total transaction of £19,856.30 ($25,644.19).
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 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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