Ferguson (LON:FERG) Earns Buy Rating from Liberum Capital
Liberum Capital reaffirmed their buy rating on shares of Ferguson (LON:FERG) in a research note issued to investors on Monday morning, ThisIsMoney.Co.Uk reports.
Several other brokerages have also recently weighed in on FERG. Jefferies Financial Group reissued a buy rating and set a GBX 6,130 ($80.10) price objective on shares of Ferguson in a research note on Tuesday, May 7th. JPMorgan Chase & Co. raised Ferguson to an overweight rating and lowered their price objective for the company from GBX 6,350 ($82.97) to GBX 5,950 ($77.75) in a research note on Wednesday, March 27th. Peel Hunt upgraded Ferguson to an add rating and dropped their target price for the stock from GBX 5,980 ($78.14) to GBX 5,430 ($70.95) in a report on Tuesday, March 26th. Royal Bank of Canada cut their target price on Ferguson from GBX 6,300 ($82.32) to GBX 5,200 ($67.95) and set a sector performer rating on the stock in a research report on Thursday, March 28th. Finally, UBS Group restated a neutral rating and set a GBX 5,300 ($69.25) price target (up previously from GBX 5,050 ($65.99)) on shares of Ferguson in a report on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of GBX 5,895.50 ($77.04).
Shares of FERG stock opened at GBX 5,310 ($69.38) on Monday. Ferguson has a 12-month low of GBX 4,594 ($60.03) and a 12-month high of GBX 6,601 ($86.25). The company has a current ratio of 1.84, a quick ratio of 1.02 and a debt-to-equity ratio of 60.47. The stock has a market capitalization of $12.32 billion and a PE ratio of 8.80.
Ferguson plc distributes plumbing and heating products in the United States, the United Kingdom, Canada, and Central Europe. It offers plumbing and heating solutions to customers in the residential, municipal, civil and industrial markets, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.
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