Zacks Investment Research Lowers Ferguson Plc (FERGY) to Hold
Ferguson Plc (NASDAQ:FERGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.
According to Zacks, “Ferguson plc is a distributor of plumbing and heating products to professional contractors and consumers primarily in the USA, UK, Nordics, Canada and Central Europe. Ferguson plc, formerly known as Wolseley plc, is headquartered in Zug, Switzerland. “
Separately, Sanford C. Bernstein began coverage on Ferguson Plc in a report on Wednesday, September 13th. They issued an “outperform” rating on the stock.
Ferguson Plc (FERGY) traded up 0.29% during midday trading on Friday, reaching $6.85. The company had a trading volume of 155,591 shares. The company has a 50-day moving average of $6.21 and a 200-day moving average of $6.24. The stock’s market capitalization is $17.35 billion. Ferguson Plc has a 12-month low of $5.06 and a 12-month high of $6.90.
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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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