Ferguson Plc (FERG) Given Average Recommendation of “Buy” by Brokerages
Ferguson Plc (LON:FERG) has been given a consensus rating of “Buy” by the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 5,270 ($69.90).
A number of brokerages have weighed in on FERG. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 4,700 ($62.34) price objective on shares of Ferguson Plc in a research report on Wednesday. Peel Hunt increased their target price on shares of Ferguson Plc from GBX 5,120 ($67.91) to GBX 5,200 ($68.97) and gave the stock a “hold” rating in a research note on Tuesday. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 5,600 ($74.28) target price on shares of Ferguson Plc in a research report on Tuesday. Liberum Capital restated a “buy” rating and set a GBX 5,300 ($70.30) target price on shares of Ferguson Plc in a research report on Friday, September 29th. 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.
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Ferguson Plc (FERG) opened at 5070.00 on Wednesday. Ferguson Plc has a 1-year low of GBX 4,139.00 and a 1-year high of GBX 5,285.00. The firm’s market capitalization is GBX 12.84 billion.
Ferguson Plc Company Profile
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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