Fenner plc (FENR) Given New GBX 330 Price Target at Peel Hunt
Fenner plc (LON:FENR) had its price objective boosted by Peel Hunt from GBX 300 ($3.65) to GBX 330 ($4.01) in a report issued on Thursday, StockTargetPrices.com reports. Peel Hunt currently has a buy rating on the stock.
Several other brokerages have also issued reports on FENR. N+1 Singer raised Fenner plc to a buy rating and set a GBX 310 ($3.77) target price for the company in a research note on Monday. J P Morgan Chase & Co reaffirmed an underweight rating and issued a GBX 175 ($2.13) target price on shares of Fenner plc in a research note on Monday. Numis Securities Ltd lowered Fenner plc to an add rating and set a GBX 300 ($3.65) target price for the company. in a research note on Thursday, November 17th. FinnCap raised Fenner plc to a buy rating and set a GBX 300 ($3.65) price objective for the company in a research note on Wednesday, November 23rd. Finally, Citigroup Inc. reissued a buy rating on shares of Fenner plc in a research note on Tuesday, November 15th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of GBX 186.58 ($2.27).
Fenner plc (LON:FENR) traded up 0.34% during mid-day trading on Thursday, reaching GBX 292.00. 708,800 shares of the company traded hands. The stock’s market capitalization is GBX 566.15 million. The company’s 50-day moving average is GBX 246.96 and its 200-day moving average is GBX 200.40. Fenner plc has a 12-month low of GBX 95.25 and a 12-month high of GBX 299.25.
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The firm also recently announced a dividend, which will be paid on Thursday, March 9th. Investors of record on Thursday, January 26th will be issued a dividend of GBX 2 ($0.02) per share. This represents a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, January 26th. This is an increase from Fenner plc’s previous dividend of $1.00.
In other news, insider Vanda Murray acquired 17,000 shares of the firm’s stock in a transaction on Thursday, January 12th. The stock was acquired at an average price of GBX 291 ($3.54) per share, for a total transaction of £49,470 ($60,160.53).
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 plywood, 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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