Fenner (LON:FENR) had its target price raised by stock analysts at Citigroup from GBX 425 ($5.76) to GBX 525 ($7.12) in a research report issued on Friday. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 7.25% from the company’s current price.

FENR has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their price target on shares of Fenner from GBX 345 ($4.68) to GBX 380 ($5.15) 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 ($5.22) price target on shares of Fenner in a research note on Friday, October 27th. N+1 Singer reiterated a “buy” rating and issued a GBX 400 ($5.42) price target on shares of Fenner in a research note on Wednesday, November 15th. Peel Hunt reiterated a “buy” rating and issued a GBX 425 ($5.76) price target on shares of Fenner in a research note on Tuesday, October 31st. Finally, Numis Securities restated a “hold” rating and set a GBX 425 ($5.76) price objective on shares of Fenner in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 403.89 ($5.48).

Fenner (LON:FENR) opened at GBX 489.53 ($6.64) on Friday. Fenner has a 12 month low of GBX 271 ($3.68) and a 12 month high of GBX 481.80 ($6.53). The stock has a market cap of $927.33 and a P/E ratio of 2,719.60.

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

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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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