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 on Friday, The Fly reports.
Several other equities research analysts also recently issued reports on the company. Zacks Investment Research upgraded Ferguson from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. ValuEngine downgraded Ferguson from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. JPMorgan Chase & Co. upgraded Ferguson from a “neutral” rating to an “overweight” rating in a report on Wednesday, March 27th. Stifel Nicolaus reiterated a “hold” rating on shares of Ferguson in a report on Tuesday, May 7th. Finally, Credit Suisse Group downgraded Ferguson from a “neutral” rating to an “underperform” rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $7.75.
Shares of Ferguson stock opened at $6.95 on Friday. Ferguson has a 12-month low of $5.95 and a 12-month high of $8.67. The firm has a market cap of $16.39 billion, a P/E ratio of 15.80, a P/E/G ratio of 1.25 and a beta of 1.05.
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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