Ferguson Plc’s (FERG) “Overweight” Rating Reiterated at Barclays PLC
Ferguson Plc (LON:FERG)‘s stock had its “overweight” rating reaffirmed by investment analysts at Barclays PLC in a research report issued on Tuesday. They currently have a GBX 5,600 ($75.50) price target on the stock. Barclays PLC’s price objective points to a potential upside of 18.09% from the stock’s current price.
Several other equities research analysts also recently weighed in on the stock. Citigroup Inc. raised shares of Ferguson Plc to a “buy” rating and set a GBX 5,220 ($70.38) target price on the stock in a research note on Tuesday, September 19th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 5,600 ($75.50) target price on shares of Ferguson Plc in a research note on Wednesday, August 30th.
Ferguson Plc (FERG) traded up 1.04% during trading on Tuesday, hitting GBX 4742.00. 566,015 shares of the stock were exchanged. Ferguson Plc has a 12 month low of GBX 4,099.00 and a 12 month high of GBX 5,285.00. The company’s market capitalization is GBX 12.01 billion.
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Ferguson Plc 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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