Ferguson (FERG) Receives Neutral Rating from JPMorgan Chase & Co.
Ferguson (LON:FERG)‘s stock had its “neutral” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued on Wednesday. They presently have a GBX 6,350 ($82.97) target price on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 32.18% from the stock’s current price.
Several other equities analysts have also issued reports on FERG. Deutsche Bank lifted their price objective on shares of Ferguson from GBX 5,300 ($69.25) to GBX 6,537 ($85.42) and gave the company a “hold” rating in a report on Monday, September 3rd. Canaccord Genuity reissued a “hold” rating and set a GBX 6,300 ($82.32) price objective on shares of Ferguson in a report on Monday, September 3rd. Liberum Capital reissued a “buy” rating and set a GBX 6,518 ($85.17) price objective on shares of Ferguson in a report on Tuesday, October 2nd. Peel Hunt reissued a “hold” rating and set a GBX 5,980 ($78.14) price objective (up from GBX 5,300 ($69.25)) on shares of Ferguson in a report on Tuesday, October 2nd. Finally, Numis Securities lowered shares of Ferguson to a “hold” rating in a report on Wednesday, October 3rd. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of GBX 6,407.46 ($83.72).
Shares of FERG stock opened at GBX 4,804 ($62.77) on Wednesday. Ferguson has a 52-week low of GBX 4,427 ($57.85) and a 52-week high of GBX 5,722 ($74.77).
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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