Market Rating: Does Fenner PLC (LON:FENR) Look Good? finnCap Upgrades It

November 23, 2016 - By whatsonthorold

Fenner PLC (LON:FENR) Upgrade

finnCap upped the shares of Fenner PLC (LON:FENR) to a Buy rating in an analyst note revealed to clients and investors on Wednesday, 23 November. The company after the upgrade has GBX 300.00 price target on the stock.

Fenner plc (LON:FENR) Ratings Coverage

Out of 15 analysts covering Fenner PLC (LON:FENR), 5 rate it a “Buy”, 8 “Sell”, while 2 “Hold”. This means 33% are positive. GBX 1500 is the highest target while GBX 87 is the lowest. The GBX 162.80 average target is -35.40% below today’s (GBX 252) stock price. Fenner PLC has been the topic of 98 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of Fenner plc (LON:FENR) has “Hold” rating given on Monday, July 18 by FinnCap. HSBC maintained Fenner plc (LON:FENR) rating on Wednesday, September 7. HSBC has “Underweight” rating and GBX 151 price target. JP Morgan maintained the shares of FENR in a report on Thursday, January 14 with “Underweight” rating. The company was maintained on Thursday, December 3 by UBS. Numis Securities maintained the stock with “Hold” rating in Wednesday, July 13 report. As per Wednesday, August 5, the company rating was maintained by FinnCap. Numis Securities maintained it with “Buy” rating and GBX 200 target price in Wednesday, September 7 report. JP Morgan maintained the shares of FENR in a report on Thursday, April 28 with “Underweight” rating. The firm has “Underweight” rating by JP Morgan given on Friday, September 9. JP Morgan maintained the stock with “Underweight” rating in Wednesday, September 7 report.

About 170,448 shares traded hands. Fenner plc (LON:FENR) has risen 89.31% since April 26, 2016 and is uptrending. It has outperformed by 83.98% the S&P500.

Fenner PLC is a United Kingdom-based well-known provider of engineered solutions for performance-critical applications. The company has a market cap of 488.89 million GBP. The Company’s business divisions include Engineered Conveyor Solutions and Advanced Engineered Products. It currently has negative earnings. 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.

More news for Fenner plc (LON:FENR) were recently published by: Uk.Finance.Yahoo.com, which released: “PEG Ratio (5 yr expected):” on December 14, 2013. Fool.Co.Uk‘s article titled: “Are Amec Foster Wheeler PLC, Fenner plc & Character Group plc a buy after …” and published on April 27, 2016 is yet another important article.

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