J P Morgan Chase & Co Reaffirms Overweight Rating for Ferguson Plc (WOS)
J P Morgan Chase & Co restated their overweight rating on shares of Ferguson Plc (LON:WOS) in a report published on Tuesday, StockTargetPrices.com reports. They currently have a GBX 5,600 ($74.28) price objective on the stock.
A number of other research analysts have also issued reports on the stock. Royal Bank Of Canada upgraded shares of Ferguson Plc to an outperform rating and raised their price objective for the company from GBX 5,000 ($66.32) to GBX 5,200 ($68.97) in a report on Monday, July 31st. Liberum Capital restated a buy rating and set a GBX 5,300 ($70.30) price target on shares of Ferguson Plc in a report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) restated a neutral rating and set a GBX 5,000 ($66.32) price target on shares of Ferguson Plc in a report on Monday, July 17th. Berenberg Bank raised their price target on shares of Ferguson Plc from GBX 5,700 ($75.61) to GBX 5,800 ($76.93) and gave the stock a buy rating in a report on Monday, July 3rd. Finally, Jefferies Group LLC raised their price target on shares of Ferguson Plc from GBX 4,930 ($65.39) to GBX 5,170 ($68.58) and gave the stock a hold rating in a report on Monday, June 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 5,220.14 ($69.24).
Shares of Ferguson Plc (LON:WOS) opened at 4527.00 on Tuesday. The company’s 50 day moving average is GBX 4,584.81 and its 200-day moving average is GBX 4,832.78. Ferguson Plc has a 1-year low of GBX 4,099.00 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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