Ferguson’s (FERG) Overweight Rating Reiterated at Barclays
Barclays restated their overweight rating on shares of Ferguson (LON:FERG) in a research note issued to investors on Monday morning. The firm currently has a GBX 6,000 ($80.75) price objective on the stock.
Other research analysts have also recently issued reports about the stock. Citigroup reissued a buy rating on shares of Ferguson in a research report on Friday, December 1st. Liberum Capital lifted their target price on shares of Ferguson from GBX 5,300 ($71.33) to GBX 5,450 ($73.35) and gave the stock a buy rating in a report on Tuesday, November 14th. Berenberg Bank reaffirmed a buy rating and issued a GBX 5,800 ($78.06) target price on shares of Ferguson in a report on Wednesday, October 25th. Jefferies Group lifted their target price on shares of Ferguson from GBX 5,170 ($69.58) to GBX 5,240 ($70.52) and gave the stock a hold rating in a report on Thursday, October 5th. Finally, Deutsche Bank reissued a hold rating and set a GBX 4,700 ($63.26) price objective on shares of Ferguson in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of GBX 5,394.80 ($72.61).
Shares of Ferguson (LON:FERG) opened at GBX 5,391.05 ($72.56) on Monday. Ferguson has a 52 week low of GBX 4,427 ($59.58) and a 52 week high of GBX 5,582.90 ($75.14).
In other Ferguson news, insider Richard Shoylekov sold 18,712 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of GBX 5,368 ($72.25), for a total value of £1,004,460.16 ($1,351,897.93).
Ferguson 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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