Ferguson Plc (FERG) PT Raised to GBX 5,200
Ferguson Plc (LON:FERG) had its price target increased by stock analysts at Peel Hunt from GBX 5,120 ($67.91) to GBX 5,200 ($68.97) in a report released on Tuesday. The brokerage presently has a “hold” rating on the stock. Peel Hunt’s price target would indicate a potential upside of 6.91% from the stock’s current price.
A number of other research analysts have also recently issued reports on the company. Citigroup Inc. raised Ferguson Plc to a “buy” rating and set a GBX 5,220 ($69.24) target price for the company in a research note on Tuesday, September 19th. Liberum Capital reissued a “buy” rating and issued a GBX 5,300 ($70.30) target price on shares of Ferguson Plc in a report on Friday. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 5,600 ($74.28) price target on shares of Ferguson Plc in a research note on Tuesday. Finally, Barclays PLC restated an “overweight” rating and issued a GBX 5,600 ($74.28) price target on shares of Ferguson Plc in a research note on Monday, September 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Ferguson Plc has an average rating of “Buy” and an average price target of GBX 5,384 ($71.42).
Ferguson Plc (LON:FERG) opened at 5000.00 on Tuesday. Ferguson Plc has a 12-month low of GBX 4,139.00 and a 12-month high of GBX 5,285.00. The stock’s market cap is GBX 12.66 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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