Fenner plc (FENR) Receives Consensus Recommendation of “Hold” from Analysts
Fenner plc (LON:FENR) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 362.50 ($4.68).
FENR has been the subject of several analyst reports. FinnCap reaffirmed a “buy” rating and issued a GBX 385 ($4.97) price objective on shares of Fenner plc in a research note on Tuesday, June 27th. Peel Hunt reiterated a “buy” rating and issued a GBX 380 ($4.91) price target on shares of Fenner plc in a report on Tuesday, July 25th. Investec reiterated a “sell” rating and issued a GBX 300 ($3.87) price target on shares of Fenner plc in a report on Monday, July 10th. Numis Securities Ltd upgraded Fenner plc to an “add” rating and set a GBX 350 ($4.52) price objective on the stock in a report on Friday, July 7th. Finally, J P Morgan Chase & Co restated a “neutral” rating on shares of Fenner plc in a report on Friday, September 8th.
Shares of Fenner plc (LON:FENR) opened at 329.75 on Friday. The stock’s 50 day moving average price is GBX 343.86 and its 200-day moving average price is GBX 321.60. Fenner plc has a 12 month low of GBX 187.50 and a 12 month high of GBX 368.25. The company’s market cap is GBX 639.35 million.
In other Fenner plc news, insider Chris Surch purchased 5,945 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The stock was purchased at an average price of GBX 334 ($4.31) per share, for a total transaction of £19,856.30 ($25,644.19).
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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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