Ferguson (OTCMKTS:FERGY) Rating Lowered to Hold at Berenberg Bank

Ferguson (OTCMKTS:FERGY) was downgraded by investment analysts at Berenberg Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, The Fly reports.

A number of other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Ferguson from a “hold” rating to a “sell” rating in a report on Tuesday. Credit Suisse Group cut shares of Ferguson from a “neutral” rating to an “underperform” rating in a report on Friday, May 17th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Ferguson in a report on Tuesday, May 7th. ValuEngine raised shares of Ferguson from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. raised shares of Ferguson from a “neutral” rating to an “overweight” rating in a report on Wednesday, March 27th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $7.75.

Shares of FERGY stock opened at $7.07 on Friday. Ferguson has a 12 month low of $5.95 and a 12 month high of $8.67. The company has a market cap of $15.52 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.05.

About Ferguson

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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