Fenner (FENR) Receives “Buy” Rating from Peel Hunt

Peel Hunt reissued their buy rating on shares of Fenner (LON:FENR) in a research report report published on Thursday morning. They currently have a GBX 425 ($5.68) target price on the stock.

Several other research firms also recently weighed in on FENR. Numis Securities reissued a hold rating and set a GBX 400 ($5.35) target price on shares of Fenner in a research report on Tuesday, December 5th. JPMorgan Chase & Co. reissued a neutral rating on shares of Fenner in a research report on Friday, September 8th. Citigroup boosted their target price on Fenner from GBX 400 ($5.35) to GBX 425 ($5.68) and gave the company a buy rating in a research report on Monday, November 20th. N+1 Singer reissued a buy rating and set a GBX 400 ($5.35) target price on shares of Fenner in a research report on Wednesday, November 15th. Finally, FinnCap restated a buy rating and set a GBX 385 ($5.15) price objective on shares of Fenner in a report on Friday, October 27th. One equities research 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. Fenner presently has a consensus rating of Hold and an average price target of GBX 377.78 ($5.05).

Fenner (LON:FENR) opened at GBX 426.40 ($5.70) on Thursday. The firm has a market capitalization of $823.74 and a P/E ratio of 2,368.89. Fenner has a 12-month low of GBX 245 ($3.28) and a 12-month high of GBX 432 ($5.78).

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

The firm also recently disclosed a dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, January 25th will be issued a dividend of GBX 2.80 ($0.04) per share. The ex-dividend date is Thursday, January 25th. This represents a yield of 0.68%. This is a boost from Fenner’s previous dividend of $1.40.

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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.

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