Ferguson (FERGY) Downgraded by Credit Suisse Group to Underperform
Credit Suisse Group lowered shares of Ferguson (OTCMKTS:FERGY) from a neutral rating to an underperform rating in a report released on Friday morning, The Fly reports.
Other research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Ferguson from a hold rating to a sell rating in a report on Wednesday, May 8th. ValuEngine raised Ferguson from a sell rating to a hold rating in a report on Wednesday, May 1st. Stifel Nicolaus reaffirmed a hold rating on shares of Ferguson in a report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. raised Ferguson from a neutral rating to an overweight rating in a report on Wednesday, March 27th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $7.75.
OTCMKTS:FERGY opened at $6.82 on Friday. Ferguson has a 52-week low of $5.95 and a 52-week high of $8.67. The firm has a market cap of $15.81 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.14 and a beta of 1.01.
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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