Zacks Investment Research upgraded shares of Ferguson (OTCMKTS:FERGY) from a hold rating to a buy rating in a research report report published on Friday. The firm currently has $8.25 target price on the stock.
According to Zacks, “Ferguson plc is a distributor of plumbing and heating products to professional contractors and consumers primarily in the USA, UK, Nordics, Canada and Central Europe. Ferguson plc, formerly known as Wolseley plc, is headquartered in Zug, Switzerland. “
Other equities analysts have also issued research reports about the stock. Numis Securities upgraded shares of Ferguson from a hold rating to an add rating in a research report on Tuesday, January 16th. ValuEngine upgraded shares of Ferguson from a hold rating to a buy rating in a research report on Sunday, December 31st. Finally, Royal Bank of Canada reiterated a sector perform rating on shares of Ferguson in a research report on Wednesday, January 17th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $8.25.
Ferguson plc distributes plumbing and heating products in the United States, the United Kingdom, Canada, and Central Europe. It offers plumbing and heating solutions to customers in the residential, municipal, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.
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