Ferguson Plc (FERG) Given Average Rating of “Buy” by Analysts
Shares of Ferguson Plc (LON:FERG) have earned an average rating of “Buy” from the nine research firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 5,351.11 ($70.61).
A number of equities research analysts have commented on the company. Deutsche Bank AG reissued a “hold” rating and issued a GBX 4,700 ($62.02) price objective on shares of Ferguson Plc in a research note on Wednesday, October 4th. Peel Hunt raised their price objective on Ferguson Plc from GBX 5,120 ($67.56) to GBX 5,200 ($68.62) and gave the company a “hold” rating in a research note on Tuesday, October 3rd. Liberum Capital reissued a “buy” rating and issued a GBX 5,300 ($69.94) price objective on shares of Ferguson Plc in a research note on Friday, September 29th. Barclays PLC reissued an “overweight” rating and issued a GBX 5,600 ($73.90) price objective on shares of Ferguson Plc in a research note on Monday, September 25th. Finally, Jefferies Group LLC raised their price objective on Ferguson Plc from GBX 5,170 ($68.22) to GBX 5,240 ($69.15) and gave the company a “hold” rating in a research note on Thursday, October 5th.
Shares of Ferguson Plc (LON FERG) opened at 5250.00 on Friday. The company’s market cap is GBX 13.24 billion. Ferguson Plc has a 1-year low of GBX 4,139.00 and a 1-year high of GBX 5,340.00.
About Ferguson Plc
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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