Ferguson Plc’s (FERG) “Hold” Rating Reaffirmed at Deutsche Bank AG
Deutsche Bank AG restated their hold rating on shares of Ferguson Plc (LON:FERG) in a research note issued to investors on Wednesday. The firm currently has a GBX 4,700 ($62.34) price target on the stock.
Several other analysts also recently weighed in on the stock. Peel Hunt lifted their price objective on shares of Ferguson Plc from GBX 5,120 ($67.91) to GBX 5,200 ($68.97) and gave the company a hold rating in a research report on Tuesday, October 3rd. J P Morgan Chase & Co reissued an overweight rating and set a GBX 5,600 ($74.28) target price on shares of Ferguson Plc in a research note on Tuesday, October 3rd. Liberum Capital reissued a buy rating and set a GBX 5,300 ($70.30) target price on shares of Ferguson Plc in a research note on Friday, September 29th. Barclays PLC reissued an overweight rating and set a GBX 5,600 ($74.28) target price on shares of Ferguson Plc in a research note on Monday, September 25th. Finally, Citigroup Inc. raised shares of Ferguson Plc to a buy rating and set a GBX 5,220 ($69.24) target price on the stock in a research note on Tuesday, September 19th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of GBX 5,265.71 ($69.85).
Ferguson Plc (LON FERG) opened at 5200.00 on Wednesday. Ferguson Plc has a 12 month low of GBX 4,139.00 and a 12 month high of GBX 5,285.00. The firm’s market capitalization is GBX 13.17 billion.
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Ferguson Plc Company Profile
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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