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

Peel Hunt reiterated their buy rating on shares of Fenner (LON:FENR) in a report released on Monday. Peel Hunt currently has a GBX 500 ($6.91) price target on the stock.

FENR has been the subject of a number of other reports. Citigroup lifted their price target on Fenner from GBX 425 ($5.87) to GBX 525 ($7.25) and gave the stock a buy rating in a research note on Friday, January 12th. JPMorgan Chase & Co. lifted their price target on Fenner from GBX 345 ($4.77) to GBX 380 ($5.25) and gave the stock a neutral rating in a research note on Thursday, November 16th. FinnCap reiterated a buy rating and issued a GBX 385 ($5.32) price target on shares of Fenner in a research note on Friday, October 27th. Jefferies Group lifted their price target on Fenner from GBX 450 ($6.22) to GBX 500 ($6.91) and gave the stock a buy rating in a research note on Friday, January 12th. Finally, N+1 Singer reiterated a buy rating and issued a GBX 400 ($5.53) price target on shares of Fenner in a research note on Wednesday, November 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 417.22 ($5.76).

Shares of Fenner (LON FENR) opened at GBX 440 ($6.08) on Monday. The company has a market capitalization of $853.61 and a PE ratio of 2,444.44. Fenner has a 12 month low of GBX 273.75 ($3.78) and a 12 month high of GBX 509.50 ($7.04).

Fenner (LON:FENR) last posted its quarterly earnings results on Wednesday, November 15th. The company reported GBX 17.70 ($0.24) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 16.70 ($0.23) by GBX 1 ($0.01). The business had revenue of £655.40 million during the quarter. Fenner had a return on equity of 14.59% and a net margin of 6.75%.

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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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