Citigroup Reaffirms “Buy” Rating for Ferguson (FERG)

Ferguson (LON:FERG)‘s stock had its “buy” rating reiterated by equities researchers at Citigroup in a report issued on Friday.

A number of other brokerages have also commented on FERG. Liberum Capital upped their price objective on shares of Ferguson from GBX 5,300 ($70.98) to GBX 5,450 ($72.99) and gave the company a “buy” rating in a research report on Tuesday, November 14th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 5,800 ($77.68) price objective on shares of Ferguson in a report on Wednesday, October 25th. Jefferies Group raised their price objective on shares of Ferguson from GBX 5,170 ($69.24) to GBX 5,240 ($70.18) and gave the stock a “hold” rating in a report on Thursday, October 5th. Deutsche Bank restated a “hold” rating and set a GBX 4,700 ($62.94) price objective on shares of Ferguson in a report on Wednesday, October 4th. Finally, Peel Hunt raised their price objective on shares of Ferguson from GBX 5,120 ($68.57) to GBX 5,200 ($69.64) and gave the stock a “hold” rating in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 5,251.57 ($70.33).

Ferguson (LON FERG) opened at GBX 5,360 ($71.78) on Friday. Ferguson has a 12-month low of GBX 4,427 ($59.29) and a 12-month high of GBX 5,425 ($72.65).

In other Ferguson news, insider Richard Shoylekov sold 18,712 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of GBX 5,368 ($71.89), for a total value of £1,004,460.16 ($1,345,199.09).

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About Ferguson

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.

Analyst Recommendations for Ferguson (LON:FERG)

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