Wolseley (FERGY) Receives Sector Perform Rating from Royal Bank of Canada
Wolseley (OTCMKTS:FERGY)‘s stock had its “sector perform” rating reiterated by investment analysts at Royal Bank of Canada in a note issued to investors on Wednesday, Marketbeat.com reports.
A number of other research firms have also weighed in on FERGY. Zacks Investment Research lowered shares of Wolseley from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. Numis Securities raised shares of Wolseley from a “hold” rating to an “add” rating in a report on Tuesday. Finally, ValuEngine raised shares of Wolseley from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $9.00.
Shares of Wolseley (OTCMKTS FERGY) opened at $7.85 on Wednesday. Wolseley has a 1-year low of $5.80 and a 1-year high of $7.97. The firm has a market cap of $19,430.00, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 1.25 and a beta of 1.07.
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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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