Ferguson Plc’s (FERG) Overweight Rating Reaffirmed at J P Morgan Chase & Co
J P Morgan Chase & Co reissued their overweight rating on shares of Ferguson Plc (LON:FERG) in a research report report published on Tuesday. J P Morgan Chase & Co currently has a GBX 5,600 ($74.28) target price on the stock.
FERG has been the topic of a number of other reports. Liberum Capital reaffirmed a buy rating and issued a GBX 5,300 ($70.30) price target on shares of Ferguson Plc in a research note on Friday, September 29th. Barclays PLC reiterated an overweight rating and set a GBX 5,600 ($74.28) price objective on shares of Ferguson Plc in a research note on Monday, September 25th. Finally, Citigroup Inc. upgraded Ferguson Plc to a buy rating and set a GBX 5,220 ($69.24) price objective for the company in a research note on Tuesday, September 19th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of GBX 5,270 ($69.90).
Shares of Ferguson Plc (LON:FERG) traded up 2.08% during midday trading on Tuesday, reaching GBX 5165.00. 352,175 shares of the company traded hands. The company’s market cap is GBX 13.08 billion. Ferguson Plc has a 1-year low of GBX 4,139.00 and a 1-year high of GBX 5,285.00.
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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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