Ferguson (FERG) Earns Buy Rating from ICAP

ICAP restated their buy rating on shares of Ferguson (LON:FERG) in a report released on Friday morning. ICAP currently has a GBX 6,300 ($87.04) target price on the stock.

A number of other equities analysts have also commented on the stock. Liberum Capital reaffirmed a buy rating on shares of Ferguson in a research note on Friday. Citigroup reissued a buy rating and set a GBX 6,300 ($87.04) target price on shares of Ferguson in a research note on Friday. Credit Suisse Group decreased their target price on shares of Ferguson from GBX 6,500 ($89.80) to GBX 6,280 ($86.76) and set an outperform rating for the company in a research note on Wednesday, March 21st. Jefferies Group reissued a hold rating on shares of Ferguson in a research note on Thursday, March 15th. Finally, Barclays reissued an overweight rating and set a GBX 6,000 ($82.90) target price on shares of Ferguson in a research note on Monday, March 5th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Ferguson presently has a consensus rating of Hold and an average price target of GBX 5,820 ($80.41).

How to Become a New Pot Stock Millionaire

Ferguson (FERG) opened at GBX 5,134 ($70.93) on Friday. Ferguson has a 52 week low of GBX 4,427 ($61.16) and a 52 week high of GBX 5,722 ($79.05). The company has a market cap of $13,070.00 and a P/E ratio of 1,462.68.

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About Ferguson

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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