Ferguson (LON:FERG) had its target price boosted by investment analysts at JPMorgan Chase & Co. from GBX 5,900 ($80.01) to GBX 6,250 ($84.76) in a note issued to investors on Tuesday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 11.13% from the stock’s previous close.
A number of other analysts also recently issued reports on FERG. Citigroup raised Ferguson to a “buy” rating and set a GBX 5,220 ($70.79) price objective for the company in a research report on Tuesday, September 19th. Barclays reissued an “overweight” rating and set a GBX 5,600 ($75.94) price objective on shares of Ferguson in a research report on Tuesday, September 19th. Liberum Capital reissued a “buy” rating and set a GBX 5,300 ($71.87) price objective on shares of Ferguson in a research report on Friday, September 29th. Peel Hunt raised their price objective on Ferguson from GBX 5,120 ($69.43) to GBX 5,200 ($70.52) and gave the stock a “hold” rating in a research report on Tuesday, October 3rd. Finally, Deutsche Bank reissued a “hold” rating and set a GBX 4,700 ($63.74) price objective on shares of Ferguson in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. Ferguson presently has a consensus rating of “Hold” and an average price target of GBX 5,608.13 ($76.05).
Ferguson (LON FERG) traded down GBX 66 ($0.90) during midday trading on Tuesday, hitting GBX 5,624 ($76.27). The stock had a trading volume of 514,828 shares, compared to its average volume of 576,154. Ferguson has a fifty-two week low of GBX 4,427 ($60.04) and a fifty-two week high of GBX 5,722 ($77.60). The stock has a market cap of $13,990.00 and a price-to-earnings ratio of 1,602.28.
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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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