Fenner PLC (FENR) Receives GBX 376.11 Consensus Price Target from Analysts

Fenner PLC (LON:FENR) has been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 376.11 ($5.06).

A number of equities research analysts have recently commented on FENR shares. Peel Hunt reiterated a “buy” rating and set a GBX 380 ($5.11) price target on shares of Fenner in a report on Tuesday, August 29th. Numis Securities reiterated an “add” rating and set a GBX 385 ($5.18) price target on shares of Fenner in a report on Friday, September 8th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Fenner in a report on Friday, September 8th. Citigroup lifted their price target on shares of Fenner from GBX 400 ($5.38) to GBX 425 ($5.72) and gave the stock a “buy” rating in a report on Monday, November 20th. Finally, N+1 Singer reiterated a “buy” rating and set a GBX 400 ($5.38) price target on shares of Fenner in a report on Wednesday, November 15th.

Shares of Fenner (FENR) traded up GBX 7.25 ($0.10) on Friday, reaching GBX 390.75 ($5.26). 397,973 shares of the company’s stock were exchanged, compared to its average volume of 538,610. Fenner has a one year low of GBX 227.41 ($3.06) and a one year high of GBX 418 ($5.63).

Fenner (LON:FENR) last issued its quarterly earnings results on Wednesday, November 15th. The company reported GBX 17.70 ($0.24) EPS for the quarter, topping analysts’ consensus estimates of GBX 16.70 ($0.22) by GBX 1 ($0.01). The business had revenue of £655.40 million during the quarter. Fenner had a net margin of 3.51% and a return on equity of 7.03%.

The business also recently announced a dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, January 25th will be issued a GBX 2.80 ($0.04) dividend. This represents a yield of 0.68%. This is an increase from Fenner’s previous dividend of $1.40. The ex-dividend date is Thursday, January 25th.

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About Fenner

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 (LON:FENR)

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