Ferguson (FERG) Earns Outperform Rating from Analysts at Credit Suisse Group
Equities researchers at Credit Suisse Group assumed coverage on shares of Ferguson (LON:FERG) in a note issued to investors on Wednesday. The brokerage set an “outperform” rating and a GBX 6,200 ($83.45) price target on the stock. Credit Suisse Group’s price target points to a potential upside of 17.62% from the company’s current price.
Other equities research analysts also recently issued research reports about the company. Canaccord Genuity downgraded Ferguson to a “hold” rating and raised their price objective for the company from GBX 5,435 ($73.15) to GBX 5,870 ($79.00) in a research report on Wednesday, December 6th. Citigroup raised Ferguson to a “buy” rating and set a GBX 5,220 ($70.26) price objective on the stock in a research report on Tuesday, September 19th. Peel Hunt raised their price objective on Ferguson from GBX 5,120 ($68.91) to GBX 5,200 ($69.99) and gave the company a “hold” rating in a research report on Tuesday, October 3rd. J P Morgan Chase & Co raised their price objective on Ferguson from GBX 5,600 ($75.37) to GBX 5,675 ($76.38) and gave the company an “overweight” rating in a research report on Monday, December 4th. Finally, Deutsche Bank reaffirmed a “hold” rating and set a GBX 4,700 ($63.26) price objective on shares of Ferguson in a research report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. Ferguson currently has an average rating of “Hold” and a consensus price target of GBX 5,353.13 ($72.05).
Ferguson (LON FERG) traded up GBX 6.29 ($0.08) on Wednesday, hitting GBX 5,271.29 ($70.95). The stock had a trading volume of 945,977 shares, compared to its average volume of 802,722. Ferguson has a fifty-two week low of GBX 4,427 ($59.58) and a fifty-two week high of GBX 5,582.90 ($75.14).
TRADEMARK VIOLATION NOTICE: “Ferguson (FERG) Earns Outperform Rating from Analysts at Credit Suisse Group” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another website, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/13/ferguson-ferg-earns-outperform-rating-from-analysts-at-credit-suisse-group.html.
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.
Receive News & Ratings for Ferguson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferguson and related companies with MarketBeat.com's FREE daily email newsletter.