Ferguson (LON:FERG) was downgraded by equities researchers at Berenberg Bank to a “hold” rating in a research note issued on Friday, ThisIsMoney.Co.Uk reports. They presently have a GBX 6,000 ($78.40) target price on the stock, down from their previous target price of GBX 6,500 ($84.93). Berenberg Bank’s price objective suggests a potential upside of 7.26% from the company’s current price.
Several other equities analysts have also recently issued reports on the company. Jefferies Financial Group dropped their target price on Ferguson from GBX 6,130 ($80.10) to GBX 6,127 ($80.06) and set a “buy” rating on the stock in a research report on Thursday. UBS Group reiterated a “neutral” rating on shares of Ferguson in a research report on Tuesday. Liberum Capital reiterated a “buy” rating on shares of Ferguson in a research report on Monday. Barclays reiterated an “overweight” rating on shares of Ferguson in a research report on Monday. Finally, Peel Hunt raised Ferguson to an “add” rating in a research note on Monday. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 5,859.57 ($76.57).
LON FERG opened at GBX 5,594 ($73.10) on Friday. The company has a debt-to-equity ratio of 60.47, a quick ratio of 1.02 and a current ratio of 1.84. Ferguson has a 12-month low of GBX 4,594 ($60.03) and a 12-month high of GBX 6,601 ($86.25). The company has a market cap of $13.05 billion and a price-to-earnings ratio of 9.27.
Ferguson Company Profile
Ferguson plc distributes plumbing and heating products in the United States, the United Kingdom, Canada, and Central Europe. It offers plumbing and heating solutions to customers in the residential, municipal, civil and industrial markets, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.
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