Shares of Fenner plc (LON:FENR) have been assigned a consensus rating of “Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 485 ($6.81).
FENR has been the subject of a number of analyst reports. Peel Hunt boosted their price target on Fenner from GBX 425 ($5.97) to GBX 500 ($7.02) and gave the stock a “buy” rating in a report on Thursday, January 11th. Numis Securities reissued a “hold” rating and issued a GBX 425 ($5.97) price target on shares of Fenner in a report on Thursday, January 11th. Jefferies Group boosted their price target on Fenner from GBX 500 ($7.02) to GBX 535 ($7.51) and gave the stock a “buy” rating in a report on Thursday, February 22nd. Investec raised Fenner to a “hold” rating and boosted their price target for the stock from GBX 425 ($5.97) to GBX 610 ($8.56) in a report on Tuesday, March 20th. Finally, JPMorgan Chase boosted their price target on Fenner from GBX 380 ($5.33) to GBX 415 ($5.83) and gave the stock a “neutral” rating in a report on Friday, January 12th.
FENR stock traded up GBX 3 ($0.04) during midday trading on Thursday, hitting GBX 613 ($8.60). 1,573,949 shares of the stock were exchanged, compared to its average volume of 616,192. Fenner has a fifty-two week low of GBX 279 ($3.92) and a fifty-two week high of GBX 509.50 ($7.15).
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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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