Ferguson (FERG) PT Raised to GBX 5,220 at Peel Hunt
Ferguson (LON:FERG) had its target price boosted by Peel Hunt from GBX 5,200 ($69.99) to GBX 5,220 ($70.26) in a research report sent to investors on Wednesday morning. The brokerage currently has a hold rating on the stock.
Several other equities analysts also recently commented on FERG. Liberum Capital reissued a buy rating and set a GBX 5,450 ($73.35) target price on shares of Ferguson in a research report on Tuesday, December 5th. Deutsche Bank reissued a hold rating and set a GBX 4,700 ($63.26) target price on shares of Ferguson in a research report on Wednesday. Citigroup reissued a buy rating on shares of Ferguson in a research report on Friday, December 1st. Barclays reaffirmed an overweight rating and issued a GBX 5,600 ($75.37) price target on shares of Ferguson in a research report on Monday, September 25th. Finally, Jefferies Group raised their price target on Ferguson from GBX 5,170 ($69.58) to GBX 5,240 ($70.52) and gave the company a hold rating in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of GBX 5,292.64 ($71.23).
Ferguson (FERG) opened at GBX 5,351.69 ($72.03) on Wednesday. Ferguson has a 1 year low of GBX 4,427 ($59.58) and a 1 year high of GBX 5,582.90 ($75.14).
In related news, insider Richard Shoylekov sold 18,712 shares of Ferguson stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of GBX 5,368 ($72.25), for a total transaction of £1,004,460.16 ($1,351,897.93).
Ferguson 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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