Fenner plc’s (FENR) “Neutral” Rating Reaffirmed at J P Morgan Chase & Co
Fenner plc (LON:FENR)‘s stock had its “neutral” rating reissued by J P Morgan Chase & Co in a report released on Friday.
Several other equities research analysts have also commented on FENR. Peel Hunt restated a “buy” rating and issued a GBX 380 ($4.91) price target on shares of Fenner plc in a research note on Tuesday, August 29th. Numis Securities Ltd upgraded shares of Fenner plc to an “add” rating and set a GBX 350 ($4.52) price target on the stock in a research note on Friday, July 7th. Investec restated a “sell” rating and issued a GBX 300 ($3.87) price target on shares of Fenner plc in a research note on Monday, July 10th. Finally, FinnCap restated a “buy” rating and issued a GBX 385 ($4.97) price target on shares of Fenner plc in a research note on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 352.78 ($4.56).
Fenner plc (LON:FENR) traded down 0.71% during trading on Friday, reaching GBX 348.25. The company’s stock had a trading volume of 403,132 shares. The firm has a 50 day moving average of GBX 345.72 and a 200 day moving average of GBX 319.57. The stock’s market capitalization 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 acquired 5,945 shares of the 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).
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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