J P Morgan Chase & Co Reiterates Overweight Rating for Ferguson Plc (FERG)
Ferguson Plc (LON:FERG)‘s stock had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co in a research note issued to investors on Tuesday. They currently have a GBX 5,600 ($74.28) price target on the stock. J P Morgan Chase & Co’s target price points to a potential upside of 8.74% from the stock’s current price.
A number of other analysts also recently issued reports on the stock. Citigroup Inc. upgraded shares of Ferguson Plc to a “buy” rating and set a GBX 5,220 ($69.24) price objective on the stock in a report on Tuesday, September 19th. Barclays PLC reiterated an “overweight” rating and issued a GBX 5,600 ($74.28) price objective on shares of Ferguson Plc in a report on Tuesday, September 19th. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 5,300 ($70.30) price objective on shares of Ferguson Plc in a report on Friday, September 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of GBX 5,265.71 ($69.85).
Ferguson Plc (LON FERG) opened at 5165.00 on Tuesday. The firm’s market cap is GBX 13.08 billion. Ferguson Plc has a 1-year low of GBX 4,139.00 and a 1-year high of GBX 5,285.00.
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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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