Fenner plc (LON:FENR) had its price target boosted by JPMorgan Chase & Co. from GBX 151 ($1.97) to GBX 153 ($2.00) in a research note released on Monday morning. JPMorgan Chase & Co. currently has an underweight rating on the stock.
A number of other equities analysts also recently weighed in on the company. Jefferies Group upped their price target on Fenner plc from GBX 181 ($2.36) to GBX 205 ($2.68) and gave the stock a buy rating in a research report on Friday, September 9th. FinnCap reaffirmed a hold rating on shares of Fenner plc in a research report on Thursday, September 8th. Numis Securities Ltd reissued a buy rating and issued a GBX 200 ($2.61) price objective on shares of Fenner plc in a report on Wednesday, September 7th. HSBC increased their price objective on Fenner plc from GBX 119 ($1.55) to GBX 151 ($1.97) and gave the company an underweight rating in a report on Wednesday, September 7th. Finally, Peel Hunt increased their price objective on Fenner plc from GBX 180 ($2.35) to GBX 190 ($2.48) and gave the company a buy rating in a report on Friday, August 19th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Fenner plc presently has a consensus rating of Hold and a consensus target price of GBX 141.23 ($1.84).
Fenner plc (LON:FENR) opened at 196.00 on Monday. Fenner plc has a 52-week low of GBX 95.25 and a 52-week high of GBX 197.00. The company’s market capitalization is GBX 380.02 million. The stock has a 50 day moving average of GBX 176.59 and a 200-day moving average of GBX 154.74.
Fenner plc 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 plywood, 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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