Ferguson (FERGY) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Ferguson (OTCMKTS:FERGY) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

According to Zacks, “Ferguson plc is a distributor of plumbing and heating products to professional contractors and consumers primarily in the USA, UK, Nordics, Canada and Central Europe. Ferguson plc, formerly known as Wolseley plc, is headquartered in Zug, Switzerland. “

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. downgraded shares of Ferguson from an overweight rating to a neutral rating in a research note on Wednesday, October 3rd. ValuEngine downgraded shares of Ferguson from a hold rating to a sell rating in a research note on Monday, October 22nd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $8.75.

Shares of FERGY stock traded down $0.04 during mid-day trading on Monday, reaching $6.75. The company’s stock had a trading volume of 76,985 shares, compared to its average volume of 995,550. Ferguson has a 12-month low of $6.29 and a 12-month high of $8.67. The company has a market cap of $16.14 billion, a PE ratio of 15.34, a P/E/G ratio of 0.94 and a beta of 1.26.

Ferguson Company Profile

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, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.

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