Fenner plc (FENR) Given Consensus Recommendation of “Hold” by Brokerages
Fenner plc (LON:FENR) has been given an average recommendation of “Hold” by the nine research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 417.22 ($5.66).
A number of equities analysts recently commented on FENR shares. FinnCap reiterated a “buy” rating and issued a GBX 385 ($5.22) target price on shares of Fenner in a research report on Friday, October 27th. JPMorgan Chase & Co. lifted their target price on shares of Fenner from GBX 345 ($4.68) to GBX 380 ($5.15) and gave the stock a “neutral” rating in a research report on Thursday, November 16th. Peel Hunt reiterated a “buy” rating and issued a GBX 425 ($5.76) target price on shares of Fenner in a research report on Tuesday, October 31st. N+1 Singer reiterated a “buy” rating and issued a GBX 400 ($5.42) target price on shares of Fenner in a research report on Wednesday, November 15th. Finally, Citigroup lifted their target price on shares of Fenner from GBX 400 ($5.42) to GBX 425 ($5.76) and gave the stock a “buy” rating in a research report on Monday, November 20th.
Shares of Fenner (FENR) opened at GBX 478.60 ($6.49) on Friday. The stock has a market cap of $928.50 and a price-to-earnings ratio of 2,658.89. Fenner has a fifty-two week low of GBX 273.75 ($3.71) and a fifty-two week high of GBX 509.50 ($6.91).
The business also recently announced a dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, January 25th will be paid a dividend of GBX 2.80 ($0.04) per share. This is a positive change from Fenner’s previous dividend of $1.40. The ex-dividend date of this dividend is Thursday, January 25th. This represents a dividend yield of 0.68%.
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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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