Fenner plc (LON:FENR) had its target price dropped by investment analysts at Jefferies Group from GBX 145 ($2.07) to GBX 140 ($1.99) in a research note issued on Tuesday, Market Beat.com reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price would indicate a potential upside of 28.44% from the stock’s previous close.

Several other brokerages also recently commented on FENR. Citigroup Inc. reiterated a “buy” rating and issued a GBX 175 ($2.49) target price on shares of Fenner plc in a report on Thursday, November 12th. FinnCap reiterated a “hold” rating and issued a GBX 168 ($2.39) target price on shares of Fenner plc in a report on Wednesday, November 11th. Credit Suisse lowered their target price on shares of Fenner plc from GBX 180 ($2.56) to GBX 150 ($2.14) and set a “neutral” rating for the company in a report on Thursday, November 12th. Canaccord Genuity reiterated a “hold” rating and issued a GBX 200 ($2.85) target price on shares of Fenner plc in a report on Wednesday, November 11th. Finally, Investec reiterated a “sell” rating and issued a GBX 87 ($1.24) target price (down previously from GBX 123 ($1.75)) on shares of Fenner plc in a report on Wednesday, January 13th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 125.58 ($1.79).

Fenner plc (LON:FENR) opened at 109.00 on Tuesday. The stock has a 50 day moving average of GBX 133.61 and a 200 day moving average of GBX 156.54. Fenner plc has a 12 month low of GBX 108.50 and a 12 month high of GBX 237.00. The firm’s market capitalization is GBX 211.34 million.

The company also recently disclosed a dividend, which will be paid on Wednesday, March 9th. Stockholders of record on Thursday, January 28th will be given a GBX 8 ($0.11) dividend. The ex-dividend date of this dividend is Thursday, January 28th. This represents a dividend yield of 5.64%.

Fenner PLC is a United Kingdom-based provider of engineered solutions for performance-critical applications. The Company’s business segments include Engineered Conveyor Solutions and Advanced Engineered Products. The Engineered Conveyor Solutions is engaged in the manufacture of rubber plywood, 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. The Advanced Engineered Products is engaged in manufacture of precision polymer products, including precision drives; power transmission and motion transfer components; silicone and complex hoses; lay-flat hoses; seals and sealing solutions; technical textiles; rollers, and fluoropolymer components. The Company offers its products to range of markets, including medical, energy, transportation, general industrial, construction equipment and agriculture.

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