Ferguson (FERG) Price Target Raised to GBX 5,900 at J P Morgan Chase & Co
Ferguson (LON:FERG) had its price target raised by J P Morgan Chase & Co from GBX 5,675 ($76.38) to GBX 5,900 ($79.41) in a research note released on Thursday morning. They currently have an overweight rating on the stock.
Several other equities analysts also recently issued reports on FERG. Credit Suisse Group assumed coverage on shares of Ferguson in a report on Wednesday. They set an outperform rating and a GBX 6,200 ($83.45) price target for the company. Liberum Capital reissued a buy rating and set a GBX 5,450 ($73.35) price target on shares of Ferguson in a report on Tuesday, December 5th. Deutsche Bank reissued a hold rating and set a GBX 4,700 ($63.26) price target on shares of Ferguson in a report on Wednesday, December 6th. Peel Hunt boosted their price target on shares of Ferguson from GBX 5,200 ($69.99) to GBX 5,220 ($70.26) and gave the company a hold rating in a report on Wednesday, December 6th. Finally, Barclays reissued an overweight rating and set a GBX 5,600 ($75.37) price target on shares of Ferguson in a report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of GBX 5,368.13 ($72.25).
Shares of Ferguson (LON FERG) traded up GBX 29.10 ($0.39) on Thursday, hitting GBX 5,234.10 ($70.45). 967,232 shares of the stock traded hands, compared to its average volume of 783,450. Ferguson has a 52 week low of GBX 4,427 ($59.58) and a 52 week high of GBX 5,582.90 ($75.14).
In other Ferguson news, insider Richard Shoylekov sold 18,712 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of GBX 5,368 ($72.25), for a total value of £1,004,460.16 ($1,351,897.93).
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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