Fenner (LON:FENR)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a note issued to investors on Monday. They presently have a GBX 500 ($6.91) price objective on the stock. Peel Hunt’s price target points to a potential upside of 13.48% from the company’s current price.
A number of other brokerages have also recently commented on FENR. Jefferies Group raised their price target on Fenner from GBX 450 ($6.22) to GBX 500 ($6.91) and gave the stock a “buy” rating in a research report on Friday, January 12th. JPMorgan Chase & Co. raised their price objective on Fenner from GBX 380 ($5.25) to GBX 415 ($5.73) and gave the company a “neutral” rating in a research note on Friday, January 12th. Citigroup raised their price objective on Fenner from GBX 425 ($5.87) to GBX 525 ($7.25) and gave the company a “buy” rating in a research note on Friday, January 12th. Numis Securities reaffirmed a “hold” rating and issued a GBX 425 ($5.87) price objective on shares of Fenner in a research note on Thursday, January 11th. Finally, N+1 Singer reaffirmed a “buy” rating and issued a GBX 400 ($5.53) price objective on shares of Fenner in a research note on Wednesday, November 15th. 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. Fenner has an average rating of “Hold” and an average price target of GBX 417.22 ($5.76).
Shares of Fenner (LON:FENR) traded up GBX 4.60 ($0.06) during midday trading on Monday, hitting GBX 440.60 ($6.09). The company had a trading volume of 630,006 shares, compared to its average volume of 889,979. Fenner has a 52 week low of GBX 273.75 ($3.78) and a 52 week high of GBX 509.50 ($7.04). The company has a market capitalization of $854.78 and a PE ratio of 2,447.78.
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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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