Ferguson Plc (LON:FERG) has been assigned an average recommendation of “Hold” from the seventeen analysts that are presently covering the firm, MarketBeat reports. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 5,716.92 ($78.98).
Several research firms recently commented on FERG. Citigroup reaffirmed a “buy” rating on shares of Ferguson in a report on Friday, December 1st. Credit Suisse Group increased their price target on Ferguson from GBX 6,200 ($85.66) to GBX 6,500 ($89.80) and gave the company an “outperform” rating in a report on Tuesday, January 16th. Peel Hunt increased their price target on Ferguson from GBX 5,200 ($71.84) to GBX 5,220 ($72.12) and gave the company a “hold” rating in a report on Wednesday, December 6th. Royal Bank of Canada cut Ferguson to a “sector performer” rating and increased their price target for the company from GBX 5,200 ($71.84) to GBX 6,000 ($82.90) in a report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. increased their price target on Ferguson from GBX 5,675 ($78.41) to GBX 5,900 ($81.51) and gave the company an “overweight” rating in a report on Thursday, December 14th.
Ferguson (LON FERG) traded down GBX 4 ($0.06) during trading hours on Friday, hitting GBX 5,140 ($71.01). The company had a trading volume of 525,376 shares, compared to its average volume of 612,235. Ferguson has a 12-month low of GBX 4,427 ($61.16) and a 12-month high of GBX 5,722 ($79.05). The firm has a market capitalization of $12,790.00 and a PE ratio of 1,464.39.
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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.
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