Ferguson (LON:FERG) Rating Reiterated by Barclays

Barclays reaffirmed their overweight rating on shares of Ferguson (LON:FERG) in a report published on Monday morning, ThisIsMoney.Co.Uk reports.

A number of other research firms have also weighed in on FERG. Liberum Capital reissued a buy rating on shares of Ferguson in a research note on Tuesday, March 26th. Royal Bank of Canada lowered their price objective on Ferguson from GBX 6,300 ($82.32) to GBX 5,200 ($67.95) and set a sector performer rating on the stock in a research note on Thursday, March 28th. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 5,950 ($77.75) price objective on shares of Ferguson in a research note on Wednesday, May 15th. UBS Group reissued a neutral rating and set a GBX 5,050 ($65.99) price objective (down previously from GBX 5,200 ($67.95)) on shares of Ferguson in a research note on Wednesday, March 27th. Finally, Canaccord Genuity lowered their price objective on Ferguson from GBX 5,810 ($75.92) to GBX 5,700 ($74.48) and set a buy rating on the stock in a research note on Friday, March 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of GBX 5,895.50 ($77.04).

Shares of LON:FERG opened at GBX 5,310 ($69.38) on Monday. The company has a current ratio of 1.84, a quick ratio of 1.02 and a debt-to-equity ratio of 60.47. The company has a market capitalization of $12.32 billion and a PE ratio of 8.80. Ferguson has a 1 year low of GBX 4,594 ($60.03) and a 1 year high of GBX 6,601 ($86.25).

About Ferguson

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

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Analyst Recommendations for Ferguson (LON:FERG)

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