J P Morgan Chase & Co reiterated their overweight rating on shares of Ferguson Plc (LON:FERG) in a research note released on Wednesday. They currently have a GBX 5,600 ($72.43) price objective on the stock.

Shares of Ferguson Plc (LON:FERG) opened at 4642.00 on Wednesday. Ferguson Plc has a 52 week low of GBX 4,099.00 and a 52 week high of GBX 5,285.00. The stock’s market cap is GBX 11.76 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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