Several other analysts have also commented on FENR. Numis Securities Ltd raised Fenner plc to an add rating and set a GBX 350 ($4.62) price target on the stock in a research note on Friday, July 7th. Investec reaffirmed a sell rating and issued a GBX 300 ($3.96) price target on shares of Fenner plc in a research note on Monday, July 10th. J P Morgan Chase & Co reaffirmed a neutral rating on shares of Fenner plc in a research note on Friday, September 8th. Finally, FinnCap reaffirmed a buy rating and issued a GBX 385 ($5.08) price target on shares of Fenner plc in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 357.78 ($4.72).
Shares of Fenner plc (LON FENR) opened at GBX 359 ($4.74) on Tuesday.
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About Fenner plc
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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