Fenner’s (FENR) Hold Rating Reaffirmed at Numis Securities
Fenner (LON:FENR)‘s stock had its “hold” rating reaffirmed by research analysts at Numis Securities in a note issued to investors on Tuesday. They presently have a GBX 400 ($5.38) price objective on the stock. Numis Securities’ target price would indicate a potential upside of 4.64% from the stock’s current price.
Other research analysts have also issued research reports about the stock. Peel Hunt reaffirmed a “buy” rating and issued a GBX 425 ($5.72) target price on shares of Fenner in a research note on Wednesday, November 15th. N+1 Singer reaffirmed a “buy” rating and issued a GBX 400 ($5.38) target price on shares of Fenner in a research note on Wednesday, November 15th. FinnCap reaffirmed a “buy” rating and issued a GBX 385 ($5.18) target price on shares of Fenner in a research note on Friday, October 27th. Citigroup raised their target price on shares of Fenner from GBX 400 ($5.38) to GBX 425 ($5.72) and gave the company a “buy” rating in a research note on Monday, November 20th. Finally, J P Morgan Chase & Co increased their price target on shares of Fenner from GBX 345 ($4.64) to GBX 380 ($5.11) and gave the company a “neutral” rating in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 377.78 ($5.08).
Fenner (FENR) opened at GBX 380.75 ($5.12) on Tuesday. Fenner has a 12 month low of GBX 227.41 ($3.06) and a 12 month high of GBX 418 ($5.63).
Fenner 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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