Ferguson plc (FERG) Given Average Rating of “Hold” by Analysts
Ferguson plc (LON:FERG) has earned a consensus rating of “Hold” from the nineteen research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 5,407.29 ($72.78).
A number of equities research analysts recently issued reports on FERG shares. Liberum Capital raised their price target on Ferguson from GBX 5,300 ($71.33) to GBX 5,450 ($73.35) and gave the stock a “buy” rating in a research note on Tuesday, November 14th. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 5,600 ($75.37) price target on shares of Ferguson in a research note on Wednesday, August 30th. Sanford C. Bernstein started coverage on Ferguson in a research note on Wednesday, September 13th. They set an “outperform” rating for the company. Berenberg Bank reissued a “buy” rating and set a GBX 5,800 ($78.06) price target on shares of Ferguson in a research note on Wednesday, October 25th. Finally, Citigroup raised Ferguson to a “buy” rating and set a GBX 5,220 ($70.26) target price for the company in a research report on Tuesday, September 19th.
In other Ferguson news, insider Richard Shoylekov sold 18,712 shares of the business’s 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).
The company also recently declared a dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, October 26th were paid a dividend of GBX 73.33 ($0.99) per share. The ex-dividend date of this dividend was Thursday, October 26th. This represents a yield of 1.41%.
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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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