What’s Ahead for Fenner plc After Today’s Huge Increase?

 What's Ahead for Fenner plc After Today's Huge Increase?

The stock of Fenner plc (LON:FENR) is a huge mover today! 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.
The move comes after 6 months positive chart setup for the GBX 455.91M company. It was reported on Nov, 10 by Barchart.com. We have GBX 559.30 PT which if reached, will make LON:FENR worth GBX 629.16 million more.

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. Fenner PLC has been the topic of 92 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Wednesday, April 27 by FinnCap. The firm has “Underweight” rating by JP Morgan given on Wednesday, October 28. Jefferies maintained the shares of FENR in a report on Tuesday, January 26 with “Buy” rating. Panmure Gordon maintained it with “Sell” rating and GBX 100 target price in Wednesday, January 13 report. On Friday, July 8 the stock rating was maintained by Peel Hunt with “Buy”. The stock of Fenner plc (LON:FENR) earned “Underweight” rating by J.P. Morgan on Wednesday, January 6. As per Wednesday, September 30, the company rating was maintained by JP Morgan. On Wednesday, August 5 the stock rating was maintained by FinnCap with “Hold”. As per Thursday, July 23, the company rating was maintained by N+1 Singer. Investec maintained Fenner plc (LON:FENR) on Thursday, March 10 with “Sell” rating.

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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