Liberum Capital Reiterates Buy Rating for Ferguson (FERG)
Ferguson (LON:FERG)‘s stock had its “buy” rating reissued by investment analysts at Liberum Capital in a research report issued on Tuesday. They presently have a GBX 5,450 ($73.35) price target on the stock. Liberum Capital’s price target would indicate a potential upside of 1.84% from the company’s current price.
A number of other research firms also recently weighed in on FERG. J P Morgan Chase & Co raised their price target on Ferguson from GBX 5,600 ($75.37) to GBX 5,675 ($76.38) and gave the company an “overweight” rating in a research note on Monday, December 4th. Citigroup restated a “buy” rating on shares of Ferguson in a research note on Friday, December 1st. Berenberg Bank restated a “buy” rating and issued a GBX 5,800 ($78.06) price target on shares of Ferguson in a research note on Wednesday, October 25th. Goldman Sachs Group restated a “neutral” rating and issued a GBX 5,500 ($74.02) price target on shares of Ferguson in a research note on Monday, October 16th. Finally, Jefferies Group lifted their target price on Ferguson from GBX 5,170 ($69.58) to GBX 5,240 ($70.52) and gave the stock a “hold” rating in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Ferguson presently has an average rating of “Hold” and an average target price of GBX 5,292.64 ($71.23).
Ferguson (LON FERG) traded up GBX 21.69 ($0.29) during mid-day trading on Tuesday, reaching GBX 5,351.69 ($72.03). The company’s stock had a trading volume of 855,690 shares, compared to its average volume of 789,808. Ferguson has a 12-month low of GBX 4,427 ($59.58) and a 12-month high of GBX 5,582.90 ($75.14).
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Ferguson 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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