Fenner plc (FENR) Receives GBX 485 Consensus PT from Analysts

Fenner plc (LON:FENR) has been given a consensus recommendation of “Buy” by the eight analysts that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 485 ($6.86).

FENR has been the topic of a number of research reports. Peel Hunt raised their target price on shares of Fenner from GBX 425 ($6.01) to GBX 500 ($7.07) and gave the stock a “buy” rating in a research report on Thursday, January 11th. Numis Securities reiterated a “hold” rating and issued a GBX 425 ($6.01) price objective on shares of Fenner in a research report on Thursday, January 11th. Jefferies Group lifted their price objective on shares of Fenner from GBX 500 ($7.07) to GBX 535 ($7.56) and gave the company a “buy” rating in a research report on Thursday, February 22nd. Investec upgraded shares of Fenner to a “hold” rating and lifted their price objective for the company from GBX 425 ($6.01) to GBX 610 ($8.62) in a research report on Tuesday, March 20th. Finally, JPMorgan Chase lifted their price objective on shares of Fenner from GBX 380 ($5.37) to GBX 415 ($5.87) and gave the company a “neutral” rating in a research report on Friday, January 12th.

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Shares of FENR traded down GBX 0.50 ($0.01) during mid-day trading on Thursday, reaching GBX 609.50 ($8.61). 612,481 shares of the company’s stock were exchanged, compared to its average volume of 616,192. Fenner has a 52-week low of GBX 279 ($3.94) and a 52-week high of GBX 509.50 ($7.20).

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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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