Liberum Capital reissued their buy rating on shares of Ferguson (LON:FERG) in a research note issued to investors on Friday morning. The brokerage currently has a GBX 5,800 ($83.05) target price on the stock.
A number of other equities research analysts have also commented on the company. Credit Suisse Group reaffirmed an outperform rating and set a GBX 6,200 ($88.77) price target on shares of Ferguson in a research report on Wednesday, January 3rd. Numis Securities raised Ferguson to an add rating and set a GBX 6,150 ($88.06) price target on the stock in a research report on Tuesday, January 16th. JPMorgan Chase raised their price target on Ferguson from GBX 5,900 ($84.48) to GBX 6,250 ($89.49) and gave the stock an overweight rating in a research report on Tuesday, January 16th. Royal Bank of Canada lowered Ferguson to a sector performer rating and raised their price target for the stock from GBX 5,200 ($74.46) to GBX 6,000 ($85.91) in a research report on Wednesday, January 17th. Finally, Peel Hunt raised their price target on Ferguson from GBX 5,220 ($74.74) to GBX 5,360 ($76.75) and gave the stock a hold rating in a research report on Tuesday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of GBX 5,876.07 ($84.14).
LON:FERG opened at GBX 5,630 ($80.61) on Friday. Ferguson has a 1-year low of GBX 4,427 ($63.39) and a 1-year high of GBX 5,722 ($81.93).
The company also recently disclosed a dividend, which will be paid on Friday, June 29th. Investors of record on Monday, June 11th will be issued a dividend of $4.00 per share. The ex-dividend date is Monday, June 11th. This is an increase from Ferguson’s previous dividend of $0.57.
In other news, insider John W. Martin acquired 5,523 shares of the firm’s stock in a transaction that occurred on Wednesday, April 18th. The stock was acquired at an average cost of GBX 5,418 ($77.58) per share, for a total transaction of £299,236.14 ($428,459.54). Also, insider Mike Powell sold 6,616 shares of the stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of GBX 5,378 ($77.00), for a total value of £355,808.48 ($509,462.31).
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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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