Fenner plc Sets 52-Week High; Strong Momentum for Holders

 Fenner plc Sets 52 Week High; Strong Momentum for Holders

The stock of Fenner plc (LON:FENR) hit a new 52-week high and has GBX 430.05 target or 83.00% above today’s GBX 235.00 share price. The 7 months bullish chart indicates low risk for the GBX 455.91 million company. The 1-year high was reported on Nov, 10 by Barchart.com. If the GBX 430.05 price target is reached, the company will be worth GBX 378.41M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 2.17% or GBX 5 on November 10, hitting GBX 235. About 763,058 shares traded hands or 41.84% up from the average. Fenner plc (LON:FENR) has risen 73.58% since April 12, 2016 and is uptrending. It has outperformed by 67.94% the S&P500.

Fenner plc (LON:FENR) Ratings Coverage

Out of 15 analysts covering Fenner PLC (LON:FENR), 4 rate it a “Buy”, 8 “Sell”, while 3 “Hold”. This means 27% are positive. GBX 1500 is the highest target while GBX 87 is the lowest. The GBX 139.27 average target is -40.74% below today’s (GBX 235) stock price. Fenner PLC has been the topic of 92 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Thursday, March 10, the company rating was maintained by Investec. Jefferies maintained Fenner plc (LON:FENR) on Tuesday, September 22 with “Buy” rating. The firm earned “Underweight” rating on Thursday, April 28 by JP Morgan. JP Morgan maintained the shares of FENR in a report on Wednesday, September 30 with “Underweight” rating. Liberum Capital maintained the shares of FENR in a report on Tuesday, September 8 with “Hold” rating. Peel Hunt maintained the shares of FENR in a report on Monday, March 7 with “Buy” rating. Numis Securities maintained the shares of FENR in a report on Wednesday, September 7 with “Buy” rating. The company was maintained on Wednesday, October 28 by JP Morgan. The rating was maintained by JP Morgan on Friday, December 4 with “Underweight”. The stock has “Sell” rating given by Investec on Tuesday, September 8.

More recent Fenner plc (LON:FENR) news were published by: Uk.Finance.Yahoo.com which released: “PEG Ratio (5 yr expected):” on December 14, 2013. Also Fool.Co.Uk published the news titled: “3 stocks that could double: Petropavlovsk plc, Enquest plc and Fenner plc” on May 18, 2016. Fool.Co.Uk‘s news article titled: “Should you buy J D Wetherspoon plc, ICAP plc and Fenner plc following today’s …” with publication date: July 13, 2016 was also an interesting one.

Fenner PLC is a United Kingdom-based well-known provider of engineered solutions for performance-critical applications. The company has a market cap of 455.91 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.

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