Ferguson Plc (LON:FERG) insider John W. Martin acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 5th. The stock was bought at an average price of GBX 4,917 ($64.25) per share, with a total value of £491,700 ($642,493.14).

Shares of LON:FERG opened at GBX 4,808.50 ($62.83) on Thursday. Ferguson Plc has a 1-year low of GBX 4,427 ($57.85) and a 1-year high of GBX 5,722 ($74.77).

The firm also recently announced a dividend, which was paid on Wednesday, December 5th. Investors of record on Thursday, October 25th were issued a dividend of $1.32 per share. This represents a yield of 1.67%. The ex-dividend date was Thursday, October 25th.

Several research analysts have recently issued reports on FERG shares. Canaccord Genuity upgraded shares of Ferguson to a “buy” rating and decreased their price objective for the company from GBX 6,400 ($83.63) to GBX 5,800 ($75.79) in a report on Thursday, November 22nd. Liberum Capital decreased their price objective on shares of Ferguson from GBX 6,518 ($85.17) to GBX 6,500 ($84.93) and set a “buy” rating for the company in a report on Thursday, October 11th. Berenberg Bank increased their price objective on shares of Ferguson from GBX 6,900 ($90.16) to GBX 7,000 ($91.47) and gave the company a “buy” rating in a report on Monday, October 8th. Societe Generale decreased their price objective on shares of Ferguson from GBX 7,200 ($94.08) to GBX 6,750 ($88.20) and set a “buy” rating for the company in a report on Wednesday. Finally, Numis Securities cut shares of Ferguson to a “hold” rating in a report on Wednesday, October 3rd. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Ferguson presently has a consensus rating of “Buy” and an average target price of GBX 6,407.46 ($83.72).

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About Ferguson

Ferguson plc distributes plumbing and heating products in the United States, the United Kingdom, Canada, and Central Europe. It offers plumbing and heating solutions to customers in the residential, municipal, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.

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