Ferguson’s (FERG) Buy Rating Reaffirmed at Goldman Sachs Group

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Ferguson (LON:FERG)‘s stock had its “buy” rating restated by Goldman Sachs Group in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also issued reports on the company. UBS Group reissued a “neutral” rating on shares of Ferguson in a research note on Tuesday, June 11th. Jefferies Financial Group raised their price target on Ferguson from GBX 6,127 ($80.06) to GBX 6,702 ($87.57) and gave the stock a “buy” rating in a research note on Thursday, August 8th. Numis Securities raised Ferguson to an “add” rating in a research note on Thursday, June 6th. Canaccord Genuity lowered Ferguson to a “hold” rating and raised their price target for the stock from GBX 5,650 ($73.83) to GBX 5,720 ($74.74) in a research note on Wednesday, July 3rd. Finally, Berenberg Bank lowered Ferguson to a “hold” rating and decreased their price target for the stock from GBX 6,500 ($84.93) to GBX 6,000 ($78.40) in a research note on Friday, June 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. Ferguson presently has a consensus rating of “Hold” and an average target price of GBX 5,902.07 ($77.12).

Shares of FERG stock opened at GBX 6,000 ($78.40) on Tuesday. Ferguson has a 52-week low of GBX 4,594 ($60.03) and a 52-week high of GBX 6,601 ($86.25). The company has a debt-to-equity ratio of 60.47, a current ratio of 1.84 and a quick ratio of 1.02. The company has a market cap of $13.80 billion and a price-to-earnings ratio of 9.94. The business’s 50 day simple moving average is GBX 5,913.68.

Ferguson Company Profile

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.

See Also: Dividend

Analyst Recommendations for Ferguson (LON:FERG)

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