Ferguson (FERG) Price Target Raised to GBX 5,300 at Deutsche Bank
Ferguson (LON:FERG) had its target price hoisted by equities researchers at Deutsche Bank from GBX 4,700 ($64.94) to GBX 5,300 ($73.22) in a report issued on Friday, February 16th. The firm presently has a “hold” rating on the stock. Deutsche Bank’s target price would indicate a potential upside of 0.99% from the company’s previous close.
A number of other brokerages also recently commented on FERG. Numis Securities raised Ferguson to an “add” rating and set a GBX 6,150 ($84.97) price objective for the company in a research report on Tuesday, January 16th. Credit Suisse Group boosted their price target on Ferguson from GBX 6,200 ($85.66) to GBX 6,500 ($89.80) and gave the company an “outperform” rating in a research report on Tuesday, January 16th. Royal Bank of Canada downgraded Ferguson to a “sector performer” rating and boosted their price target for the company from GBX 5,200 ($71.84) to GBX 6,000 ($82.90) in a research report on Wednesday, January 17th. JPMorgan Chase & Co. upped their target price on Ferguson from GBX 5,900 ($81.51) to GBX 6,250 ($86.35) and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Finally, Peel Hunt upped their target price on Ferguson from GBX 5,220 ($72.12) to GBX 5,360 ($74.05) and gave the stock a “hold” rating in a research report on Tuesday, January 23rd. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 5,724.29 ($79.09).
Ferguson (LON FERG) traded down GBX 60 ($0.83) during midday trading on Friday, hitting GBX 5,248 ($72.51). The stock had a trading volume of 513,039 shares, compared to its average volume of 659,634. Ferguson has a 12 month low of GBX 4,427 ($61.16) and a 12 month high of GBX 5,722 ($79.05). The firm has a market capitalization of $13,270.00 and a PE ratio of 1,495.16.
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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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