Ferguson Plc (FERG) Earns Hold Rating from Deutsche Bank AG
Deutsche Bank AG reissued their hold rating on shares of Ferguson Plc (LON:FERG) in a research report report published on Wednesday morning. They currently have a GBX 4,700 ($62.34) price target on the stock.
A number of other equities research analysts have also issued reports on the company. Peel Hunt lifted their target price on 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. 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 Tuesday. Liberum Capital reissued a buy rating and issued a GBX 5,300 ($70.30) target price on shares of Ferguson Plc in a research report on Friday, September 29th. Barclays PLC reissued an overweight rating and issued a GBX 5,600 ($74.28) target price on shares of Ferguson Plc in a research report on Monday, September 25th. Finally, Citigroup Inc. raised Ferguson Plc to a buy rating and set a GBX 5,220 ($69.24) target price on the stock in a research report on Tuesday, September 19th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Ferguson Plc has a consensus rating of Buy and a consensus price target of GBX 5,265.71 ($69.85).
Shares of Ferguson Plc (LON:FERG) opened at 5200.00 on Wednesday. The company’s market cap is GBX 13.17 billion. Ferguson Plc has a 52 week low of GBX 4,139.00 and a 52 week high of GBX 5,285.00.
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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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