Ratings Change: Analysts at FinnCap Kept their “Buy” rating for Fenner (LON:FENR) with GBX 300.00 PT

November 23, 2016 - By Dolores Ford

Fenner (LON:FENR) Rating

In an analyst report issued to investors and clients on 23 November, Fenner (LON:FENR) stock “Buy” was restate by FinnCap. They currently have a GBX 300.00 target on the stock. FinnCap’s target indicates a potential upside of 18.58% from the company’s current stock price.

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 -35.52% below today’s (GBX 252.5) stock price. Fenner PLC has been the topic of 98 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Underweight” rating on Monday, November 7 by JP Morgan. The rating was maintained by N+1 Singer on Wednesday, November 11 with “Hold”. The stock has “Hold” rating given by FinnCap on Thursday, March 10. The firm has “Hold” rating given on Monday, July 18 by FinnCap. The company was maintained on Friday, December 11 by Numis Securities. The stock of Fenner plc (LON:FENR) has “Sell” rating given on Wednesday, October 14 by Panmure Gordon. JP Morgan maintained Fenner plc (LON:FENR) on Thursday, November 12 with “Underweight” rating. The company was maintained on Wednesday, July 13 by FinnCap. The stock of Fenner plc (LON:FENR) has “Underweight” rating given on Thursday, April 28 by JP Morgan. The rating was upgraded by FinnCap to “Buy” on Wednesday, November 23.

About 335,145 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 489.86 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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