Fenner: UBS reduces target price from 480p to 420p, while its buy recommendation is kept. Espirito Santo cuts target price from 400p to 337p retaining its neutral rating.
30 May '14
Had a small dabble...nice little profit at the moment..
12 Mar '14
RE: Broker Update.......
Investec has lowered its target for Fenner from 380p to 375p and maintained a 'sell' recommendation, saying that the company took a "cautious" tone in its second-quarter update. "We consider that the valuation is still too rich for a low-teens margin business with rising net debt and a recent history of downgrades, and a 5p cut to our […] target does not change our 'sell' stance."
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