Ferguson (LON:FERG) PT Lowered to GBX 6,127 at Jefferies Financial Group
Ferguson (LON:FERG) had its target price lowered by Jefferies Financial Group from GBX 6,130 ($80.10) to GBX 6,127 ($80.06) in a research report issued on Thursday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 8.67% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. upgraded Ferguson to an “overweight” rating and lowered their price objective for the stock from GBX 6,350 ($82.97) to GBX 5,950 ($77.75) in a research report on Wednesday, March 27th. Peel Hunt raised Ferguson to an “add” rating and reduced their target price for the stock from GBX 5,980 ($78.14) to GBX 5,430 ($70.95) in a report on Tuesday, March 26th. Royal Bank of Canada reduced their target price on Ferguson from GBX 6,300 ($82.32) to GBX 5,200 ($67.95) and set a “sector performer” rating on the stock in a report on Thursday, March 28th. UBS Group reissued a “neutral” rating and set a GBX 5,300 ($69.25) target price (up from GBX 5,050 ($65.99)) on shares of Ferguson in a report on Monday, June 3rd. Finally, Numis Securities raised Ferguson to an “add” rating in a report on Thursday, June 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 5,895.29 ($77.03).
FERG stock opened at GBX 5,638 ($73.67) on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.02 and a debt-to-equity ratio of 60.47. The firm has a market cap of $12.32 billion and a price-to-earnings ratio of 9.34. Ferguson has a fifty-two week low of GBX 4,594 ($60.03) and a fifty-two week high of GBX 6,601 ($86.25).
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, civil and industrial markets, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.
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