Fenner (FENR) Price Target Raised to GBX 525
Fenner (LON:FENR) had its price target raised by stock analysts at Citigroup from GBX 425 ($5.76) to GBX 525 ($7.12) in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 4.27% from the company’s current price.
Several other research analysts have also recently weighed in on the stock. FinnCap restated a “buy” rating and set a GBX 385 ($5.22) price target on shares of Fenner in a report on Friday, October 27th. JPMorgan Chase & Co. boosted their price target on shares of Fenner from GBX 345 ($4.68) to GBX 380 ($5.15) and gave the stock a “neutral” rating in a report on Thursday, November 16th. Peel Hunt restated a “buy” rating and set a GBX 380 ($5.15) price target on shares of Fenner in a report on Friday, September 15th. N+1 Singer restated a “buy” rating and set a GBX 400 ($5.42) price target on shares of Fenner in a report on Wednesday, November 15th. Finally, Numis Securities restated a “hold” rating and set a GBX 400 ($5.42) price target on shares of Fenner in a report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 417.22 ($5.66).
Shares of Fenner (LON FENR) traded up GBX 25.50 ($0.35) during midday trading on Friday, hitting GBX 503.50 ($6.83). 8,371,842 shares of the stock were exchanged, compared to its average volume of 461,280. The firm has a market capitalization of $976.80 and a PE ratio of 2,797.22. Fenner has a 52-week low of GBX 273.75 ($3.71) and a 52-week high of GBX 509.50 ($6.91).
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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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