Societe Generale Upgrades Ferguson (OTCMKTS:FERGY) to Buy
Societe Generale upgraded shares of Ferguson (OTCMKTS:FERGY) from a hold rating to a buy rating in a research note released on Wednesday morning, The Fly reports.
Several other research analysts have also recently issued reports on the company. Royal Bank of Canada reissued an underperform rating on shares of Ferguson in a research note on Monday, July 27th. Deutsche Bank reissued a buy rating on shares of Ferguson in a research note on Wednesday, July 22nd. Zacks Investment Research raised Ferguson from a hold rating to a buy rating and set a $9.75 price target for the company in a research note on Thursday, July 23rd. Canaccord Genuity reissued a hold rating on shares of Ferguson in a research note on Tuesday, July 28th. Finally, UBS Group reissued a buy rating on shares of Ferguson in a research note on Monday, July 27th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of $9.75.
OTCMKTS:FERGY opened at $8.84 on Wednesday. Ferguson has a 1 year low of $4.55 and a 1 year high of $9.87. The stock has a market cap of $19.94 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 2.69 and a beta of 1.33. The business has a fifty day moving average of $8.28 and a 200-day moving average of $7.92.
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.
Recommended Story: What is Forex?
Receive News & Ratings for Ferguson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferguson and related companies with MarketBeat.com's FREE daily email newsletter.