Fenner plc (LON:FENR) had its price target hoisted by equities research analysts at JPMorgan Chase & Co. from GBX 151 ($1.97) to GBX 153 ($2.00) in a report released on Monday. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential downside of 19.47% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. Jefferies Group upped their target price on shares of Fenner plc from GBX 181 ($2.36) to GBX 205 ($2.68) and gave the stock a “buy” rating in a report on Friday, September 9th. Peel Hunt increased their price objective on shares of 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. HSBC increased their price objective on shares of 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. FinnCap reissued a “hold” rating and set a GBX 125 ($1.63) price objective on shares of Fenner plc in a report on Wednesday, July 13th. Finally, Numis Securities Ltd reissued a “hold” rating and set a GBX 151 ($1.97) price objective on shares of Fenner plc in a report on Wednesday, July 13th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Fenner plc presently has an average rating of “Hold” and a consensus target price of GBX 141.23 ($1.84).
Fenner plc (LON:FENR) opened at 190.00 on Monday. The company’s 50-day moving average price is GBX 173.05 and its 200-day moving average price is GBX 153.14. The stock’s market cap is GBX 368.39 million. Fenner plc has a one year low of GBX 95.25 and a one year high of GBX 197.00.
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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