Ferguson’s (FERG) “Neutral” Rating Reiterated at UBS Group
UBS Group reiterated their neutral rating on shares of Ferguson (LON:FERG) in a report published on Tuesday, ThisIsMoney.Co.Uk reports. UBS Group currently has a GBX 6,500 ($84.93) price target on the stock, up from their previous price target of GBX 5,300 ($69.25).
Several other brokerages have also commented on FERG. Goldman Sachs Group restated a buy rating on shares of Ferguson in a research note on Tuesday, September 3rd. Canaccord Genuity raised their price target on shares of Ferguson from GBX 5,720 ($74.74) to GBX 6,125 ($80.03) and gave the company a hold rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. raised their price target on shares of Ferguson from GBX 5,950 ($77.75) to GBX 6,480 ($84.67) and gave the company an overweight rating in a research note on Friday, September 6th. Jefferies Financial Group raised their price target on shares of Ferguson from GBX 6,127 ($80.06) to GBX 6,702 ($87.57) and gave the company a buy rating in a research note on Thursday, August 8th. Finally, Numis Securities upgraded shares of Ferguson to an add rating in a research note on Thursday, June 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 5,980.50 ($78.15).
Shares of LON:FERG opened at GBX 6,216 ($81.22) on Tuesday. The firm’s 50 day moving average is GBX 6,040.36 and its two-hundred day moving average is GBX 5,558.34. Ferguson has a 52 week low of GBX 4,594 ($60.03) and a 52 week high of GBX 6,601 ($86.25). The firm has a market capitalization of $14.24 billion and a P/E ratio of 10.30. The company has a current ratio of 1.84, a quick ratio of 1.02 and a debt-to-equity ratio of 60.47.
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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