Fenner (FENR) Rating Reiterated by Numis Securities

Fenner (LON:FENR)‘s stock had its “hold” rating restated by investment analysts at Numis Securities in a research report issued to clients and investors on Tuesday. They presently have a GBX 400 ($5.38) price objective on the stock. Numis Securities’ price target suggests a potential upside of 5.68% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Fenner in a research note on Friday, September 8th. Peel Hunt upped their price target on Fenner from GBX 380 ($5.11) to GBX 425 ($5.72) and gave the stock a “buy” rating in a research note on Wednesday, October 18th. FinnCap reaffirmed a “buy” rating and issued a GBX 385 ($5.18) price target on shares of Fenner in a research note on Friday, October 27th. N+1 Singer reaffirmed a “buy” rating and issued a GBX 400 ($5.38) price target on shares of Fenner in a research note on Wednesday, November 15th. Finally, Citigroup upped their price target on Fenner from GBX 400 ($5.38) to GBX 425 ($5.72) and gave the stock a “buy” rating in a research note on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 377.78 ($5.08).

Shares of Fenner (FENR) traded down GBX 8.07 ($0.11) during mid-day trading on Tuesday, reaching GBX 378.50 ($5.09). The company’s stock had a trading volume of 145,066 shares, compared to its average volume of 554,496. Fenner has a 12-month low of GBX 227.41 ($3.06) and a 12-month high of GBX 418 ($5.63).

Fenner (LON:FENR) last posted its earnings results on Wednesday, November 15th. The company reported GBX 17.70 ($0.24) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 16.70 ($0.22) by GBX 1 ($0.01). Fenner had a return on equity of 14.59% and a net margin of 6.75%. The firm had revenue of £655.40 million for the quarter.

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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.

Analyst Recommendations for Fenner (LON:FENR)

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