Ferguson (LON:FERG)‘s stock had its “neutral” rating reissued by investment analysts at UBS Group in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports. They currently have a GBX 6,500 ($84.93) price target on the stock, up from their prior price target of GBX 5,300 ($69.25). UBS Group’s price objective indicates a potential upside of 3.93% from the stock’s current price.
Other equities research analysts have also issued reports about the stock. Bank of America lowered shares of Ferguson to an “underperform” rating and lifted their target price for the company from GBX 5,000 ($65.33) to GBX 5,500 ($71.87) in a research report on Tuesday, August 27th. Canaccord Genuity lifted their target price on shares of Ferguson from GBX 5,720 ($74.74) to GBX 6,125 ($80.03) and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Berenberg Bank lowered shares of Ferguson to a “hold” rating and dropped their target price for the company from GBX 6,500 ($84.93) to GBX 6,000 ($78.40) in a research report on Friday, June 14th. Barclays reiterated an “overweight” rating on shares of Ferguson in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Ferguson from GBX 5,950 ($77.75) to GBX 6,480 ($84.67) and gave the company an “overweight” rating in a research report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 5,980.50 ($78.15).
Shares of Ferguson stock opened at GBX 6,254 ($81.72) on Tuesday. Ferguson has a 1 year low of GBX 4,594 ($60.03) and a 1 year high of GBX 6,601 ($86.25). The firm has a market cap of $14.35 billion and a PE ratio of 10.36. 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 50 day simple moving average of GBX 6,040.36 and a two-hundred day simple moving average of GBX 5,558.34.
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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