Ferguson (FERG) Rating Increased to Add at Numis Securities

Numis Securities upgraded shares of Ferguson (LON:FERG) to an add rating in a research report sent to investors on Tuesday morning. Numis Securities currently has GBX 6,150 ($83.40) price objective on the stock.

Several other equities research analysts also recently commented on FERG. Credit Suisse Group upped their target price on Ferguson from GBX 6,200 ($84.08) to GBX 6,500 ($88.15) and gave the company an outperform rating in a report on Tuesday. Liberum Capital reaffirmed a buy rating and set a GBX 5,450 ($73.91) target price on shares of Ferguson in a report on Tuesday, December 5th. JPMorgan Chase & Co. upped their target price on Ferguson from GBX 5,600 ($75.94) to GBX 5,675 ($76.96) and gave the company an overweight rating in a report on Monday, December 4th. Canaccord Genuity downgraded Ferguson to a hold rating and upped their target price for the company from GBX 5,435 ($73.70) to GBX 5,870 ($79.60) in a report on Wednesday, December 6th. Finally, Deutsche Bank reaffirmed a hold rating and set a GBX 4,700 ($63.74) target price on shares of Ferguson in a report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. Ferguson has an average rating of Hold and an average target price of GBX 5,608.13 ($76.05).

Shares of Ferguson (LON FERG) remained flat at $GBX 5,624 ($76.27) during mid-day trading on Tuesday. 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 P/E ratio of 1,602.28.

In related news, insider Richard Shoylekov sold 18,712 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of GBX 5,368 ($72.80), for a total value of £1,004,460.16 ($1,362,164.58).

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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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