Jefferies Group Reiterates Hold Rating for Ferguson (FERG)
Ferguson (LON:FERG)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Group in a research note issued on Thursday.
Other equities research analysts also recently issued reports about the company. Numis Securities raised Ferguson to an “add” rating and set a GBX 6,150 ($84.97) price objective for the company in a research note on Tuesday, January 16th. Citigroup reissued a “buy” rating on shares of Ferguson in a research note on Friday, December 1st. Liberum Capital increased their price objective on Ferguson from GBX 5,450 ($75.30) to GBX 5,800 ($80.13) and gave the stock a “buy” rating in a research note on Monday, January 15th. Canaccord Genuity downgraded Ferguson to a “hold” rating and increased their price objective for the stock from GBX 5,435 ($75.09) to GBX 5,870 ($81.10) in a research note on Wednesday, December 6th. Finally, Peel Hunt upped their target price on Ferguson from GBX 5,200 ($71.84) to GBX 5,220 ($72.12) and gave the stock a “hold” rating in a research report on Wednesday, December 6th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Ferguson currently has a consensus rating of “Hold” and a consensus price target of GBX 5,724.29 ($79.09).
Shares of Ferguson (LON:FERG) opened at GBX 5,284 ($73.00) on Thursday. The stock has a market capitalization of $13,060.00 and a PE ratio of 1,505.41. Ferguson has a one year low of GBX 4,427 ($61.16) and a one year high of GBX 5,722 ($79.05).
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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