Zacks Investment Research downgraded shares of Ferguson Plc (NASDAQ:FERGY) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

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. “

Separately, Sanford C. Bernstein initiated coverage on Ferguson Plc in a report on Wednesday, September 13th. They set an outperform rating on the stock.

Ferguson Plc (NASDAQ:FERGY) opened at $7.06 on Friday. Ferguson Plc has a 1-year low of $5.11 and a 1-year high of $7.08.

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About Ferguson Plc

Ferguson Plc, formerly Wolseley plc, is a Switzerland-based holding company. The Company is engaged in the distribution of plumbing and heating products and building materials. The Company’s segments include USA, UK, Nordics, and Canada and Central Europe. The Company operates seven business units in the United States, six of these mainly operate in the business to business (B2B) market with one operating in the business to consumer (B2C) market.

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