Zacks: Ferguson Plc (FERGY) Given $7.30 Consensus Price Target by Brokerages
Shares of Ferguson Plc (NASDAQ:FERGY) have been assigned an average broker rating score of 1.50 (Buy) from the six brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating, one has issued a buy rating and four have issued a strong buy rating on the company.
Brokerages have set a 1 year consensus target price of $7.30 for the company, according to Zacks. Zacks has also given Ferguson Plc an industry rank of 75 out of 265 based on the ratings given to its competitors.
FERGY has been the subject of several analyst reports. Zacks Investment Research raised Ferguson Plc from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a report on Wednesday, October 4th. Sanford C. Bernstein assumed coverage on Ferguson Plc in a research report on Wednesday, September 13th. They set an “outperform” rating on the stock.
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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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