Ferguson (LON:FERG)‘s stock had its “buy” rating restated by investment analysts at Liberum Capital in a report issued on Tuesday, December 5th. They currently have a GBX 5,450 ($73.35) price objective on the stock. Liberum Capital’s target price points to a potential upside of 4.12% from the stock’s previous close.
A number of other equities analysts have also recently commented on FERG. Jefferies Group lifted their target price on shares of Ferguson from GBX 5,170 ($69.58) to GBX 5,240 ($70.52) and gave the stock a “hold” rating in a research report on Thursday, October 5th. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 5,600 ($75.37) price objective on shares of Ferguson in a research note on Tuesday, October 3rd. Citigroup upgraded shares of Ferguson to a “buy” rating and set a GBX 5,220 ($70.26) target price on the stock in a research note on Tuesday, September 19th. Goldman Sachs Group reiterated a “neutral” rating and issued a GBX 5,500 ($74.02) target price on shares of Ferguson in a research note on Monday, October 16th. Finally, Sanford C. Bernstein assumed coverage on shares of Ferguson in a research note on Wednesday, September 13th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 5,368.13 ($72.25).
Shares of Ferguson (FERG) opened at GBX 5,234.10 ($70.45) on Tuesday. Ferguson has a fifty-two week low of GBX 4,427 ($59.58) and a fifty-two week high of GBX 5,582.90 ($75.14).
In other news, insider Richard Shoylekov sold 18,712 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of GBX 5,368 ($72.25), for a total value of £1,004,460.16 ($1,351,897.93).
WARNING: “Liberum Capital Reaffirms “Buy” Rating for Ferguson (LON:FERG)” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2017/12/17/liberum-capital-reaffirms-buy-rating-for-ferguson-ferg.html.
Ferguson Company Profile
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.
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.