Fenner PLC (FENR) Receives “Buy” Rating from Peel Hunt
Fenner PLC (LON:FENR)‘s stock had its “buy” rating reaffirmed by research analysts at Peel Hunt in a report released on Wednesday. They presently have a GBX 425 ($5.59) target price on the stock. Peel Hunt’s price target indicates a potential upside of 13.94% from the stock’s current price.
FENR has been the subject of several other research reports. FinnCap reiterated a “buy” rating and set a GBX 385 ($5.06) price target on shares of Fenner PLC in a report on Friday, October 27th. N+1 Singer reiterated a “buy” rating and set a GBX 400 ($5.26) price target on shares of Fenner PLC in a report on Wednesday. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Fenner PLC in a report on Friday, September 8th. Finally, Numis Securities Ltd reiterated an “add” rating and set a GBX 385 ($5.06) price target on shares of Fenner PLC in a report on Friday, September 8th. One 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’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 371.11 ($4.88).
Fenner PLC (LON FENR) traded up GBX 6.75 ($0.09) during midday trading on Wednesday, hitting GBX 373 ($4.91). The stock had a trading volume of 1,198,153 shares, compared to its average volume of 424,745. Fenner PLC has a 52-week low of GBX 227.41 ($2.99) and a 52-week high of GBX 382.75 ($5.03).
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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