Peel Hunt Reaffirms Buy Rating for Fenner plc (LON:FENR)

Peel Hunt reaffirmed their buy rating on shares of Fenner plc (LON:FENR) in a research note issued to investors on Tuesday, July 25th. Peel Hunt currently has a GBX 380 ($4.93) target price on the stock.

A number of other research analysts have also weighed in on FENR. FinnCap upped their price objective on Fenner plc from GBX 335 ($4.35) to GBX 385 ($5.00) and gave the stock a buy rating in a report on Tuesday, April 25th. Numis Securities Ltd reissued a hold rating and issued a GBX 350 ($4.54) target price on shares of Fenner plc in a report on Thursday, April 20th. J P Morgan Chase & Co upped their target price on Fenner plc from GBX 255 ($3.31) to GBX 275 ($3.57) and gave the company a neutral rating in a report on Thursday, April 20th. Jefferies Group LLC upped their target price on Fenner plc from GBX 285 ($3.70) to GBX 380 ($4.93) and gave the company a buy rating in a report on Friday, April 28th. Finally, Citigroup Inc. upped their target price on Fenner plc from GBX 348 ($4.52) to GBX 380 ($4.93) and gave the company a buy rating in a report on Thursday, April 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Fenner plc currently has a consensus rating of Hold and an average target price of GBX 329.10 ($4.27).

Fenner plc (LON:FENR) traded down 0.44% during midday trading on Tuesday, hitting GBX 341.50. 228,478 shares of the stock traded hands. The firm’s 50-day moving average is GBX 335.75 and its 200-day moving average is GBX 315.38. The company’s market cap is GBX 662.13 million. Fenner plc has a 52-week low of GBX 158.25 and a 52-week high of GBX 368.25.

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In other Fenner plc news, insider Chris Surch bought 5,945 shares of Fenner plc stock in a transaction that occurred on Wednesday, July 12th. The shares were purchased at an average cost of GBX 334 ($4.34) per share, for a total transaction of £19,856.30 ($25,777.36).

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 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.

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