Ferguson (OTCMKTS:FERGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.
According to Zacks, “Ferguson plc is a distributor of plumbing and heating products to professional contractors and consumers primarily in the USA, UK, Nordics, Canada and Central Europe. Ferguson plc, formerly known as Wolseley plc, is headquartered in Zug, Switzerland. “
FERGY has been the subject of several other reports. ValuEngine upgraded Ferguson from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Numis Securities upgraded Ferguson from a “hold” rating to an “add” rating in a research report on Tuesday, January 16th. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of Ferguson in a research report on Wednesday, January 17th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $9.00.
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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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