Ferguson (FERG) Stock Rating Reaffirmed by Credit Suisse Group

Ferguson (LON:FERG)‘s stock had its “outperform” rating reissued by research analysts at Credit Suisse Group in a research report issued on Wednesday. They currently have a GBX 6,200 ($82.90) target price on the stock. Credit Suisse Group’s price target points to a potential upside of 14.94% from the company’s previous close.

A number of other research analysts also recently commented on FERG. Sanford C. Bernstein assumed coverage on Ferguson in a research note on Wednesday, September 13th. They issued an “outperform” rating on the stock. Citigroup upgraded Ferguson to a “buy” rating and set a GBX 5,220 ($69.80) target price on the stock in a research note on Tuesday, September 19th. Barclays restated an “overweight” rating and issued a GBX 5,600 ($74.88) target price on shares of Ferguson in a research note on Tuesday, September 19th. Liberum Capital restated a “buy” rating and issued a GBX 5,300 ($70.87) target price on shares of Ferguson in a research note on Friday, September 29th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 5,600 ($74.88) target price on shares of Ferguson in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 5,394.80 ($72.13).

Shares of Ferguson (LON:FERG) opened at GBX 5,410 ($72.34) on Wednesday. The firm has a market cap of $13,470.00 and a PE ratio of 1,541.31. Ferguson has a 1-year low of GBX 4,427 ($59.19) and a 1-year high of GBX 5,582.90 ($74.65).

In other news, insider Richard Shoylekov sold 18,712 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of GBX 5,368 ($71.77), for a total transaction of £1,004,460.16 ($1,343,040.73).

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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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