Ferguson Plc (NASDAQ:FERGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

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. “

Shares of Ferguson Plc (NASDAQ FERGY) opened at 5.92 on Tuesday. The firm has a 50 day moving average of $6.03 and a 200 day moving average of $6.22. Ferguson Plc has a 52 week low of $5.06 and a 52 week high of $6.64. The firm’s market cap is $14.99 billion.

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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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