Ferguson Plc (FERG) Price Target Raised to GBX 5,240 at Jefferies Group LLC
Ferguson Plc (LON:FERG) had its price target boosted by equities research analysts at Jefferies Group LLC from GBX 5,170 ($68.58) to GBX 5,240 ($69.51) in a note issued to investors on Thursday. The brokerage presently has a “hold” rating on the stock. Jefferies Group LLC’s target price indicates a potential upside of 1.75% from the stock’s current price.
Other equities analysts have also recently issued reports about the stock. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 4,700 ($62.34) price objective on shares of Ferguson Plc in a research report on Wednesday. Barclays PLC reaffirmed an “overweight” rating and set a GBX 5,600 ($74.28) price objective on shares of Ferguson Plc in a research report on Monday, September 25th. Citigroup Inc. raised shares of Ferguson Plc to a “buy” rating and set a GBX 5,220 ($69.24) price objective for the company in a research report on Tuesday, September 19th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 5,600 ($74.28) target price on shares of Ferguson Plc in a research report on Wednesday, August 30th. Finally, Peel Hunt boosted their target price on shares of Ferguson Plc from GBX 5,120 ($67.91) to GBX 5,200 ($68.97) and gave the company a “hold” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 5,265.71 ($69.85).
Ferguson Plc (LON:FERG) opened at 5160.00 on Thursday. The stock’s market cap is GBX 13.07 billion. Ferguson Plc has a 52 week low of GBX 4,139.00 and a 52 week high of GBX 5,285.00.
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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