Ferguson Plc (LON:FERG) has been assigned an average rating of “Hold” from the seventeen brokerages that are covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 5,716.92 ($80.16).
FERG has been the topic of a number of recent analyst reports. Goldman Sachs Group reaffirmed a “neutral” rating and set a GBX 5,500 ($77.12) price target on shares of Ferguson in a research note on Monday, October 16th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 5,800 ($81.32) price target on shares of Ferguson in a research note on Wednesday, October 25th. Liberum Capital increased their price target on shares of Ferguson from GBX 5,300 ($74.31) to GBX 5,450 ($76.42) and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Citigroup reaffirmed a “buy” rating on shares of Ferguson in a research note on Friday, December 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Ferguson from GBX 5,600 ($78.52) to GBX 5,675 ($79.57) and gave the stock an “overweight” rating in a research note on Monday, December 4th.
Shares of Ferguson (LON:FERG) opened at GBX 5,190 ($72.77) on Friday. Ferguson has a fifty-two week low of GBX 4,427 ($62.07) and a fifty-two week high of GBX 5,722 ($80.23). The stock has a market cap of $12,990.00 and a price-to-earnings ratio of 1,478.63.
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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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