Fenner plc’s (FENR) Buy Rating Reaffirmed at Peel Hunt

Peel Hunt reiterated their buy rating on shares of Fenner plc (LON:FENR) in a research note issued to investors on Friday. They currently have a GBX 380 ($5.12) price target on the stock.

FENR has been the subject of several other research reports. Investec reissued a sell rating and issued a GBX 300 ($4.04) price target on shares of Fenner plc in a research report on Monday, July 10th. J P Morgan Chase & Co reissued a neutral rating on shares of Fenner plc in a research report on Friday, September 8th. Numis Securities Ltd raised shares of Fenner plc to an add rating and set a GBX 350 ($4.72) price target for the company in a research report on Friday, July 7th. Finally, FinnCap reissued a buy rating and issued a GBX 385 ($5.19) price target on shares of Fenner plc in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of GBX 352.78 ($4.76).

Fenner plc (FENR) opened at 336.25 on Friday. Fenner plc has a 52 week low of GBX 187.50 and a 52 week high of GBX 368.25. The firm has a 50-day moving average price of GBX 343.45 and a 200-day moving average price of GBX 322.45. The firm’s market capitalization is GBX 651.95 million.

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In related news, insider Chris Surch purchased 5,945 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The shares were acquired at an average cost of GBX 334 ($4.50) per share, with a total value of £19,856.30 ($26,771.34).

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.

Analyst Recommendations for Fenner plc (LON:FENR)

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