Fenner plc (FENR) Given Buy Rating at Peel Hunt
Fenner plc (LON:FENR)‘s stock had its “buy” rating reaffirmed by stock analysts at Peel Hunt in a report issued on Friday. They presently have a GBX 380 ($4.91) price target on the stock. Peel Hunt’s price objective points to a potential upside of 15.24% from the stock’s previous close.
Other research analysts have also issued research reports about the company. Numis Securities Ltd upgraded Fenner plc to an “add” rating and set a GBX 350 ($4.52) price target for the company in a research report on Friday, July 7th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Fenner plc in a research report on Friday, September 8th. FinnCap reiterated a “buy” rating and set a GBX 385 ($4.97) price target on shares of Fenner plc in a research report on Tuesday, June 27th. Finally, Investec reiterated a “sell” rating and set a GBX 300 ($3.87) price target on shares of Fenner plc in a research report on Monday, July 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 352.78 ($4.56).
Fenner plc (LON FENR) traded down 3.01% during midday trading on Friday, reaching GBX 329.75. The company’s stock had a trading volume of 391,850 shares. The company’s 50-day moving average price is GBX 343.86 and its 200-day moving average price is GBX 321.60. The company’s market capitalization is GBX 639.35 million. Fenner plc has a 1-year low of GBX 187.50 and a 1-year high of GBX 368.25.
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 shares were purchased at an average cost of GBX 334 ($4.31) per share, with a total value 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.
Receive News & Ratings for Fenner plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fenner plc and related companies with MarketBeat.com's FREE daily email newsletter.