Fenner plc (FENR) Receives Consensus Recommendation of “Hold” from Analysts

Fenner plc (LON:FENR) has received a consensus recommendation of “Hold” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One 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. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 417.22 ($5.76).

Several equities research analysts have commented on FENR shares. Jefferies Group upped their price target on shares of Fenner from GBX 450 ($6.22) to GBX 500 ($6.91) and gave the company a “buy” rating in a report on Friday, January 12th. Citigroup upped their price target on shares of Fenner from GBX 425 ($5.87) to GBX 525 ($7.25) and gave the company a “buy” rating in a report on Friday, January 12th. JPMorgan Chase & Co. upped their price target on shares of Fenner from GBX 380 ($5.25) to GBX 415 ($5.73) and gave the company a “neutral” rating in a report on Friday, January 12th. Peel Hunt upped their price target on shares of Fenner from GBX 425 ($5.87) to GBX 500 ($6.91) and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Numis Securities reaffirmed a “hold” rating and issued a GBX 425 ($5.87) price target on shares of Fenner in a report on Thursday, January 11th.

Fenner (FENR) opened at GBX 437 ($6.04) on Wednesday. Fenner has a 12-month low of GBX 273.75 ($3.78) and a 12-month high of GBX 509.50 ($7.04). The stock has a market capitalization of $852.84 and a price-to-earnings ratio of 2,427.78.

Fenner (LON:FENR) last released its earnings results on Wednesday, November 15th. The company reported GBX 17.70 ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 16.70 ($0.23) by GBX 1 ($0.01). Fenner had a return on equity of 14.59% and a net margin of 6.75%. The firm had revenue of £655.40 million for the quarter.

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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.

Analyst Recommendations for Fenner (LON:FENR)

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