Posts in LSE:FENR

Broker Forecast - Citigroup issues a broker note on Fenner PLC

Citigroup today reaffirms its buy investment rating on Fenner PLC (LON:FENR) and raised its price target to 425p (from 400p).

Broker Forecast - N+1 Singer issues a broker note on Fenner PLC

N+1 Singer today reaffirms its buy investment rating on Fenner PLC (LON:FENR) and set its price target at 400p.

Broker Forecast - JP Morgan Cazenove issues a broker note on Fenner PLC

JP Morgan Cazenove today reaffirms its neutral investment rating on Fenner PLC (LON:FENR) and raised its price target to 380p (from 345p).

One stunning growth stock I’d buy alongside Fevertree Drinks plc

With the shares up almost 10% as I write, I think it's safe to assume that the market likes today's full-year results report from Fenner (LSE:FENR).

Fenner hikes divi after significant improvement

Fenner's underlying operating profits rose by 59% to £59.1m in the year to the end of August.

Revenues were up 14% at £655.4m and the group posted an operating profit of £53.4m compared with a loss of £14.7m last time.

Other highlights:

- Underlying pre-tax profit of £45.3m (up 95%) and underlying earnings per share of 17.7p (up 111%)

- Free cash flow of £69.0m (up 78%); net debt of £101.5m (2016: £150.0m), representing 1.2 times EBITDA

- AEP like-for-like revenue up by 11%; underlying operating profit of £43.9m (up 29% at constant

Broker Forecast - Peel Hunt issues a broker note on Fenner PLC

Peel Hunt today reaffirms its buy investment rating on Fenner PLC (LON:FENR) and raised its price target to 425p (from 380p).

Broker Forecast - Numis issues a broker note on Fenner PLC

Numis today reaffirms its add investment rating on Fenner PLC (LON:FENR) and set its price target at 385p.

Fenner acquires Revolution Drives

Fenner, through its subsidiary Fenner Drives Inc, has acquired the assets and business of Revolution Drives, a small specialist precision polymers business focussed on power transmission and motion control solutions, located in the United States and with an international customer base.

At 9:57am: (LON:FENR) Fenner PLC share price was -1.37p at 351.88p

Fenner inks long-term supply deal

Fenner - through its subsidiary Fenner Conveyor Belting (South Africa) (Pty) - has signed a long term agreement with Bearing Man Group (Pty) Ltd for BMG to distribute Fenner Conveyor Belting products in specified territories in sub-Saharan Africa.

Fenner said that as part of this arrangement, BMG was acquiring the ECS service operations and related assets in South Africa.

Fenner appoints joint broker

Fenner has appointed Peel Hunt as joint broker to work alongside Jefferies Hoare Govett, with immediate effect.

At 8:18am: (LON:FENR) Fenner PLC share price was -1.87p at 354.63p