Ferguson (LON:FERG) had its price target decreased by equities researchers at Royal Bank of Canada from GBX 6,300 ($82.32) to GBX 5,200 ($67.95) in a research note issued on Thursday. The brokerage presently has a “sector performer” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 7.30% from the company’s current price.

FERG has been the topic of a number of other reports. Peel Hunt raised shares of Ferguson to an “add” rating and reduced their price objective for the company from GBX 5,980 ($78.14) to GBX 5,430 ($70.95) in a research note on Tuesday. Numis Securities cut shares of Ferguson to an “add” rating and set a GBX 5,400 ($70.56) price objective on the stock. in a research note on Wednesday. Liberum Capital reaffirmed a “buy” rating on shares of Ferguson in a research note on Tuesday. Citigroup reduced their price objective on shares of Ferguson from GBX 6,650 ($86.89) to GBX 6,200 ($81.01) and set a “buy” rating on the stock in a research note on Wednesday. Finally, Berenberg Bank reduced their price objective on shares of Ferguson from GBX 7,000 ($91.47) to GBX 6,500 ($84.93) and set a “buy” rating on the stock in a research note on Monday, January 28th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Ferguson has a consensus rating of “Buy” and a consensus target price of GBX 5,959.75 ($77.87).

Shares of Ferguson stock opened at GBX 4,846 ($63.32) on Thursday. The company has a debt-to-equity ratio of 47.57, a current ratio of 1.64 and a quick ratio of 0.96. The company has a market capitalization of $11.25 billion and a P/E ratio of 8.97. Ferguson has a fifty-two week low of GBX 4,688.50 ($61.26) and a fifty-two week high of GBX 6,601 ($86.25).

In other news, insider John W. Martin sold 14,560 shares of Ferguson stock in a transaction on Monday, January 21st. The shares were sold at an average price of GBX 5,337 ($69.74), for a total transaction of £777,067.20 ($1,015,375.93).

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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Analyst Recommendations for Ferguson (LON:FERG)

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