Ferguson’s (FERG) Buy Rating Reaffirmed at Canaccord Genuity
Several other equities research analysts have also commented on FERG. Liberum Capital reissued a buy rating and issued a GBX 6,518 ($85.17) price target on shares of Ferguson in a report on Tuesday, October 2nd. Peel Hunt reissued a hold rating and issued a GBX 5,980 ($78.14) price target (up previously from GBX 5,300 ($69.25)) on shares of Ferguson in a report on Tuesday, October 2nd. Numis Securities lowered shares of Ferguson to a hold rating in a report on Wednesday, October 3rd. Barclays upped their target price on shares of Ferguson from GBX 6,000 ($78.40) to GBX 6,700 ($87.55) and gave the stock an overweight rating in a report on Wednesday, October 3rd. Finally, Royal Bank of Canada reaffirmed a sector performer rating and set a GBX 6,300 ($82.32) target price (up previously from GBX 6,000 ($78.40)) on shares of Ferguson in a report on Thursday, October 4th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 6,407.46 ($83.72).
Shares of LON FERG opened at GBX 5,310 ($69.38) on Tuesday. Ferguson has a one year low of GBX 4,427 ($57.85) and a one year high of GBX 5,722 ($74.77).
Ferguson Company Profile
Ferguson plc distributes plumbing and heating products in the United States, the United Kingdom, Canada, and Central Europe. It offers plumbing and heating solutions to customers in the residential, municipal, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.
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