Credit Suisse Group reiterated their outperform rating on shares of Ferguson (LON:FERG) in a research report released on Wednesday, January 3rd. The firm currently has a GBX 6,200 ($84.08) target price on the stock.
A number of other research analysts also recently commented on the stock. Barclays reiterated an overweight rating and set a GBX 6,000 ($81.37) price objective on shares of Ferguson in a research note on Monday, December 18th. JPMorgan Chase & Co. increased their target price on shares of Ferguson from GBX 5,675 ($76.96) to GBX 5,900 ($80.01) and gave the stock an overweight rating in a report on Thursday, December 14th. Canaccord Genuity cut shares of Ferguson to a hold rating and increased their target price for the stock from GBX 5,435 ($73.70) to GBX 5,870 ($79.60) in a report on Wednesday, December 6th. Peel Hunt increased their target price on shares of Ferguson from GBX 5,200 ($70.52) to GBX 5,220 ($70.79) and gave the stock a hold rating in a report on Wednesday, December 6th. Finally, Deutsche Bank reissued a hold rating and set a GBX 4,700 ($63.74) target price on shares of Ferguson in a report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 5,394.80 ($73.16).
Ferguson (FERG) traded down GBX 52 ($0.71) during midday trading on Wednesday, reaching GBX 5,442 ($73.80). 523,989 shares of the company’s stock were exchanged, compared to its average volume of 617,298. Ferguson has a 12-month low of GBX 4,427 ($60.04) and a 12-month high of GBX 5,582.90 ($75.71). The company has a market cap of $13,550.00 and a P/E ratio of 1,550.43.
In related news, insider Richard Shoylekov sold 18,712 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of GBX 5,368 ($72.80), for a total value of £1,004,460.16 ($1,362,164.58).
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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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