Today, Fenner plc (FENR) PT Raised to GBX 167 at JPMorgan Chase & Co.

Today, Fenner plc (FENR) PT Raised to GBX 167 at JPMorgan Chase & Co.

Fenner plc (LON:FENR) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from GBX 153 ($1.91) to GBX 167 ($2.09) in a research report issued to clients and investors on Monday. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential downside of 33.40% from the company’s current price.

Several other equities research analysts have also commented on FENR. FinnCap restated a “hold” rating and set a GBX 125 ($1.56) target price on shares of Fenner plc in a research report on Wednesday, July 13th. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 151 ($1.89) price target on shares of Fenner plc in a report on Wednesday, July 13th. Peel Hunt increased their price target on Fenner plc from GBX 180 ($2.25) to GBX 190 ($2.37) and gave the stock a “buy” rating in a report on Friday, August 19th. HSBC increased their price target on Fenner plc from GBX 119 ($1.49) to GBX 151 ($1.89) and gave the stock an “underweight” rating in a report on Wednesday, September 7th. Finally, Jefferies Group increased their price target on Fenner plc from GBX 181 ($2.26) to GBX 205 ($2.56) and gave the stock a “buy” rating in a report on Friday, September 9th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Fenner plc currently has an average rating of “Hold” and an average price target of GBX 169 ($2.11).

Fenner plc (LON:FENR) traded down 1.18% on Monday, hitting GBX 250.75. The company had a trading volume of 336,241 shares. The stock has a 50 day moving average of GBX 227.87 and a 200-day moving average of GBX 179.66. Fenner plc has a one year low of GBX 95.25 and a one year high of GBX 267.00. The stock’s market capitalization is GBX 486.17 million.

The firm also recently declared a dividend, which will be paid on Thursday, March 9th. Investors of record on Thursday, January 26th will be given a dividend of GBX 2 ($0.02) per share. This represents a dividend yield of 0.78%. This is an increase from Fenner plc’s previous dividend of $1.00. The ex-dividend date is Thursday, January 26th.

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