Ferguson (FERG) Earns “Buy” Rating from Liberum Capital
Ferguson (LON:FERG)‘s stock had its “buy” rating reiterated by Liberum Capital in a research note issued to investors on Tuesday. They presently have a GBX 5,450 ($73.35) target price on the stock. Liberum Capital’s price objective indicates a potential downside of 1.45% from the company’s current price.
Several other equities research analysts have also issued reports on FERG. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 5,600 ($75.37) price objective on shares of Ferguson in a research note on Wednesday, August 30th. Sanford C. Bernstein initiated coverage on Ferguson in a research note on Wednesday, September 13th. They issued an “outperform” rating for the company. Citigroup raised Ferguson to a “buy” rating and set a GBX 5,220 ($70.26) price objective for the company in a research note on Tuesday, September 19th. Barclays reaffirmed an “overweight” rating and issued a GBX 5,600 ($75.37) price objective on shares of Ferguson in a research note on Tuesday, September 19th. Finally, Peel Hunt raised their price target on Ferguson from GBX 5,120 ($68.91) to GBX 5,200 ($69.99) and gave the stock a “hold” rating in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 5,256.93 ($70.75).
Shares of Ferguson (LON:FERG) opened at GBX 5,530 ($74.43) on Tuesday. Ferguson has a one year low of GBX 4,427 ($59.58) and a one year high of GBX 5,582.90 ($75.14).
In other Ferguson news, insider Richard Shoylekov sold 18,712 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of GBX 5,368 ($72.25), for a total transaction of £1,004,460.16 ($1,351,897.93).
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Ferguson Plc, formerly Wolseley plc, is a Switzerland-based holding company. The Company is engaged in the distribution of plumbing and heating products and building materials. The Company’s segments include USA, UK, Nordics, and Canada and Central Europe. The Company operates seven business units in the United States, six of these mainly operate in the business to business (B2B) market with one operating in the business to consumer (B2C) market.
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