Ferguson (FERG) Receives Overweight Rating from Barclays
Barclays reissued their overweight rating on shares of Ferguson (LON:FERG) in a research note issued to investors on Monday morning. They currently have a GBX 6,000 ($80.75) price target on the stock.
A number of other brokerages have also recently issued reports on FERG. J P Morgan Chase & Co upped their price objective on shares of Ferguson from GBX 5,675 ($76.38) to GBX 5,900 ($79.41) and gave the stock an overweight rating in a report on Thursday, December 14th. Credit Suisse Group started coverage on shares of Ferguson in a research report on Wednesday, December 13th. They set an outperform rating and a GBX 6,200 ($83.45) price objective for the company. Canaccord Genuity lowered shares of Ferguson to a hold rating and increased their price target for the stock from GBX 5,435 ($73.15) to GBX 5,870 ($79.00) in a research report on Wednesday, December 6th. Peel Hunt raised their price objective on shares of Ferguson from GBX 5,200 ($69.99) to GBX 5,220 ($70.26) and gave the stock a hold rating in a report on Wednesday, December 6th. Finally, Deutsche Bank reaffirmed a hold rating and set a GBX 4,700 ($63.26) price objective on shares of Ferguson in a report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of GBX 5,394.80 ($72.61).
Ferguson (LON FERG) opened at GBX 5,435 ($73.15) on Monday. Ferguson has a one year low of GBX 4,427 ($59.58) and a one year high of GBX 5,582.90 ($75.14).
In other Ferguson news, insider Richard Shoylekov sold 18,712 shares of the firm’s stock in a transaction that occurred on 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 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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