J P Morgan Chase & Co Raises Ferguson (FERG) Price Target to GBX 5,675

Ferguson (LON:FERG) had its price target upped by J P Morgan Chase & Co from GBX 5,600 ($75.37) to GBX 5,675 ($76.38) in a report issued on Monday, Marketbeat Ratings reports. J P Morgan Chase & Co currently has an overweight rating on the stock.

Other analysts have also recently issued reports about the company. Citigroup upgraded Ferguson to a buy rating and set a GBX 5,220 ($70.26) price target on the stock in a research note on Tuesday, September 19th. Peel Hunt raised their price objective on Ferguson from GBX 5,120 ($68.91) to GBX 5,200 ($69.99) and gave the stock a hold rating in a report on Tuesday, October 3rd. Jefferies Group raised their price objective on Ferguson from GBX 5,170 ($69.58) to GBX 5,240 ($70.52) and gave the stock a hold rating in a report on Thursday, October 5th. Sanford C. Bernstein assumed coverage on Ferguson in a report on Wednesday, September 13th. They set an outperform rating on the stock. Finally, Barclays reaffirmed an overweight rating and set a GBX 5,600 ($75.37) price objective on shares of Ferguson in a report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 5,292.64 ($71.23).

Ferguson (FERG) traded up GBX 5 ($0.07) during trading on Monday, reaching GBX 5,410 ($72.81). The company’s stock had a trading volume of 206,823 shares, compared to its average volume of 811,874. Ferguson has a one year low of GBX 4,427 ($59.58) and a one year high of GBX 5,582.90 ($75.14).

The company also recently disclosed a dividend, which was paid on Friday, December 1st. Investors of record on Thursday, October 26th were given a GBX 73.33 ($0.99) dividend. The ex-dividend date of this dividend was Thursday, October 26th. This represents a yield of 1.41%.

In related news, insider Richard Shoylekov sold 18,712 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of GBX 5,368 ($72.25), for a total value of £1,004,460.16 ($1,351,897.93).

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Ferguson 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.

Analyst Recommendations for Ferguson (LON:FERG)

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