Sanford C. Bernstein assumed coverage on shares of Ferguson Plc (NASDAQ:FERGY) in a research report released on Wednesday. The brokerage issued an outperform rating on the stock.

Separately, Zacks Investment Research lowered Ferguson Plc from a buy rating to a hold rating in a report on Tuesday, August 29th.

Ferguson Plc (NASDAQ FERGY) traded down 1.76% during mid-day trading on Wednesday, reaching $6.15. The company’s stock had a trading volume of 71,147 shares. The firm has a 50-day moving average of $6.04 and a 200-day moving average of $6.20. Ferguson Plc has a 52 week low of $5.06 and a 52 week high of $6.64. The stock’s market capitalization is $15.58 billion.

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About Ferguson Plc

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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