Ferguson (FERG) Price Target Cut to GBX 6,750
Ferguson (LON:FERG) had its price target reduced by Societe Generale from GBX 7,200 ($94.08) to GBX 6,750 ($88.20) in a report issued on Wednesday morning. They currently have a buy rating on the stock.
FERG has been the topic of several other research reports. Numis Securities cut Ferguson to a hold rating in a report on Wednesday, October 3rd. Liberum Capital dropped their target price on Ferguson from GBX 6,518 ($85.17) to GBX 6,500 ($84.93) and set a buy rating on the stock in a report on Thursday, October 11th. Royal Bank of Canada reissued a sector performer rating and set a GBX 6,300 ($82.32) target price (up previously from GBX 6,000 ($78.40)) on shares of Ferguson in a report on Thursday, October 4th. Canaccord Genuity reissued a hold rating and set a GBX 6,300 ($82.32) target price on shares of Ferguson in a report on Tuesday, October 2nd. Finally, Peel Hunt reissued a hold rating and set a GBX 5,980 ($78.14) target price (up previously from GBX 5,300 ($69.25)) on shares of Ferguson in a report on Tuesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Ferguson currently has a consensus rating of Buy and an average price target of GBX 6,407.46 ($83.72).
FERG opened at GBX 4,825.50 ($63.05) on Wednesday. Ferguson has a twelve month low of GBX 4,427 ($57.85) and a twelve month high of GBX 5,722 ($74.77).
In related news, insider John W. Martin purchased 10,000 shares of the company’s stock in a transaction on Wednesday, December 5th. The shares were bought at an average price of GBX 4,917 ($64.25) per share, with a total value of £491,700 ($642,493.14). Also, insider Kevin Murphy sold 2,488 shares of the company’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of GBX 5,170 ($67.56), for a total value of £128,629.60 ($168,077.36).
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, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.
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