Credit Suisse Group Reaffirms “Outperform” Rating for Ferguson (LON:FERG)
Credit Suisse Group restated their outperform rating on shares of Ferguson (LON:FERG) in a research report released on Wednesday, January 3rd. Credit Suisse Group currently has a GBX 6,200 ($87.07) target price on the stock.
Other equities research analysts also recently issued research reports about the company. Liberum Capital raised their target price on Ferguson from GBX 5,300 ($74.43) to GBX 5,450 ($76.53) and gave the company a buy rating in a report on Tuesday, November 14th. Barclays reaffirmed an overweight rating and issued a GBX 5,600 ($78.64) target price on shares of Ferguson in a report on Tuesday, September 19th. Berenberg Bank reaffirmed a buy rating and issued a GBX 5,800 ($81.45) target price on shares of Ferguson in a report on Wednesday, October 25th. Citigroup reaffirmed a buy rating on shares of Ferguson in a report on Friday, December 1st. Finally, Peel Hunt raised their target price on Ferguson from GBX 5,200 ($73.02) to GBX 5,220 ($73.30) and gave the company a hold rating in a report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Ferguson currently has an average rating of Hold and an average price target of GBX 5,617.47 ($78.89).
Ferguson (FERG) traded down GBX 14 ($0.20) during trading on Wednesday, reaching GBX 5,558 ($78.05). The company’s stock had a trading volume of 472,820 shares, compared to its average volume of 528,731. Ferguson has a 12-month low of GBX 4,427 ($62.17) and a 12-month high of GBX 5,722 ($80.35). The company has a market cap of $13,830.00 and a price-to-earnings ratio of 1,583.48.
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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