Zacks Investment Research upgraded shares of Ferguson Plc (NASDAQ:FERGY) from a hold rating to a buy rating in a research report sent to investors on Wednesday. The brokerage currently has $7.50 target price on the stock.

According to Zacks, “Ferguson plc is a distributor of plumbing and heating products to professional contractors and consumers primarily in the USA, UK, Nordics, Canada and Central Europe. Ferguson plc, formerly known as Wolseley plc, is headquartered in Zug, Switzerland. “

Separately, Sanford C. Bernstein assumed coverage on shares of Ferguson Plc in a research note on Wednesday, September 13th. They set an outperform rating on the stock.

Ferguson Plc (NASDAQ:FERGY) traded down 0.655% during trading on Wednesday, hitting $6.825. The company had a trading volume of 87,894 shares. The stock’s market capitalization is $17.29 billion. Ferguson Plc has a 52-week low of $5.06 and a 52-week high of $6.90. The firm’s 50 day moving average is $6.19 and its 200-day moving average is $6.23.

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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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