Zacks Investment Research upgraded shares of Ferguson (OTCMKTS:FERGY) from a sell rating to a hold rating in a research report sent to investors on Thursday morning, Zacks.com reports.

According to Zacks, “Ferguson plc is a distributor of plumbing and heating products to professional contractors and consumers primarily in the USA, UK, Nordics, Canada and Central Europe. Ferguson plc, formerly known as Wolseley plc, is headquartered in Zug, Switzerland. “

A number of other analysts have also weighed in on FERGY. Canaccord Genuity lowered Ferguson from a buy rating to a hold rating in a research note on Wednesday, July 3rd. ValuEngine raised Ferguson from a sell rating to a hold rating in a research report on Wednesday, May 1st. SunTrust Banks began coverage on Ferguson in a research report on Tuesday, July 16th. They set a buy rating on the stock. Credit Suisse Group downgraded Ferguson from a neutral rating to an underperform rating in a research report on Friday, May 17th. Finally, Citigroup downgraded Ferguson from a buy rating to a neutral rating in a research report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Ferguson has a consensus rating of Hold and an average target price of $7.75.

FERGY stock opened at $7.22 on Thursday. The business’s fifty day simple moving average is $7.28 and its two-hundred day simple moving average is $6.97. Ferguson has a twelve month low of $5.95 and a twelve month high of $8.67.

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.

Further Reading: Rule of 72

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Analyst Recommendations for Ferguson (OTCMKTS:FERGY)

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