Credit Suisse Group Trims Ferguson (FERG) Target Price to GBX 6,280

Ferguson (LON:FERG) had its target price reduced by Credit Suisse Group from GBX 6,500 ($89.80) to GBX 6,280 ($86.76) in a research note issued to investors on Wednesday. Credit Suisse Group currently has an outperform rating on the stock.

A number of other brokerages also recently issued reports on FERG. Jefferies Group reaffirmed a hold rating on shares of Ferguson in a report on Thursday, March 15th. Barclays reaffirmed an overweight rating and set a GBX 6,000 ($82.90) price target on shares of Ferguson in a report on Monday, March 5th. Deutsche Bank lifted their price target on Ferguson from GBX 4,700 ($64.94) to GBX 5,300 ($73.22) and gave the stock a hold rating in a report on Friday, February 16th. Peel Hunt lifted their price target on Ferguson from GBX 5,220 ($72.12) to GBX 5,360 ($74.05) and gave the stock a hold rating in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada downgraded Ferguson to a sector performer rating and lifted their price target for the stock from GBX 5,200 ($71.84) to GBX 6,000 ($82.90) in a report on Wednesday, January 17th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of GBX 5,820 ($80.41).

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FERG stock opened at GBX 5,216 ($72.06) on Wednesday. The stock has a market capitalization of $13,070.00 and a price-to-earnings ratio of 1,486.04. Ferguson has a fifty-two week low of GBX 4,427 ($61.16) and a fifty-two week high of GBX 5,722 ($79.05).

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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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