Fenner plc (FENR) Receives Average Recommendation of “Hold” from Analysts
Shares of Fenner plc (LON:FENR) have earned an average rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 362.50 ($4.77).
FENR has been the subject of a number of research reports. FinnCap reiterated a “buy” rating and issued a GBX 385 ($5.06) price objective on shares of Fenner plc in a research report on Tuesday, June 27th. Numis Securities Ltd upgraded Fenner plc to an “add” rating and set a GBX 350 ($4.60) price objective for the company in a research report on Friday, July 7th. Investec reiterated a “sell” rating and issued a GBX 300 ($3.94) price objective on shares of Fenner plc in a research report on Monday, July 10th. Peel Hunt reiterated a “buy” rating and issued a GBX 380 ($5.00) price objective on shares of Fenner plc in a research report on Tuesday, July 25th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating on shares of Fenner plc in a research report on Friday, September 8th.
Shares of Fenner plc (FENR) opened at 340.00 on Thursday. The company’s 50 day moving average price is GBX 341.50 and its 200 day moving average price is GBX 326.60. Fenner plc has a 52-week low of GBX 207.00 and a 52-week high of GBX 368.25. The firm’s market capitalization is GBX 659.22 million.
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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