Fenner plc (FENR) Receives GBX 421.11 Average PT from Analysts
Fenner plc (LON:FENR) has received an average recommendation of “Buy” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 435.63 ($6.02).
Several analysts have recently weighed in on FENR shares. Jefferies Group boosted their price target on Fenner from GBX 500 ($6.91) to GBX 535 ($7.39) and gave the stock a “buy” rating in a report on Thursday, February 22nd. Peel Hunt restated a “buy” rating and set a GBX 500 ($6.91) price target on shares of Fenner in a report on Monday, February 12th. N+1 Singer restated a “buy” rating and set a GBX 400 ($5.53) price target on shares of Fenner in a report on Wednesday, November 15th. Citigroup boosted their price target on Fenner from GBX 400 ($5.53) to GBX 425 ($5.87) and gave the stock a “buy” rating in a report on Monday, November 20th. Finally, Numis Securities restated a “hold” rating and set a GBX 425 ($5.87) price target on shares of Fenner in a report on Thursday, January 11th.
Fenner (FENR) traded down GBX 9.80 ($0.14) during trading hours on Friday, hitting GBX 461.60 ($6.38). The stock had a trading volume of 475,181 shares, compared to its average volume of 642,193. The company has a market capitalization of $895.52 and a PE ratio of 2,564.44. Fenner has a 52 week low of GBX 279 ($3.85) and a 52 week high of GBX 509.50 ($7.04).
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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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