Ferguson (LON:FERG) had its price target lowered by Jefferies Financial Group from GBX 6,130 ($80.10) to GBX 6,127 ($80.06) in a report issued on Thursday morning, ThisIsMoney.Co.Uk reports. The firm currently has a buy rating on the stock.
Several other equities research analysts also recently issued reports on FERG. Barclays restated an overweight rating on shares of Ferguson in a report on Monday, March 11th. Liberum Capital restated a buy rating on shares of Ferguson in a report on Tuesday, March 26th. Peel Hunt upgraded Ferguson to an add rating and lowered their price target for the stock from GBX 5,980 ($78.14) to GBX 5,430 ($70.95) in a report on Tuesday, March 26th. Citigroup lowered their price target on Ferguson from GBX 6,650 ($86.89) to GBX 6,200 ($81.01) and set a buy rating for the company in a report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. upgraded Ferguson to an overweight rating and decreased their price objective for the stock from GBX 6,350 ($82.97) to GBX 5,950 ($77.75) in a report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of GBX 5,859.57 ($76.57).
Shares of Ferguson stock opened at GBX 5,560 ($72.65) on Thursday. Ferguson has a 1 year low of GBX 4,594 ($60.03) and a 1 year high of GBX 6,601 ($86.25). The stock has a market capitalization of $12.94 billion and a price-to-earnings ratio of 9.21. The company has a quick ratio of 1.02, a current ratio of 1.84 and a debt-to-equity ratio of 60.47.
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, civil and industrial markets, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.
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