Royal Bank of Canada Reiterates “Sector Performer” Rating for Ferguson (FERG)

Royal Bank of Canada reaffirmed their sector performer rating on shares of Ferguson (LON:FERG) in a report issued on Thursday. Royal Bank of Canada currently has a GBX 6,300 ($82.06) price target on the stock, up from their prior price target of GBX 6,000 ($78.16).

FERG has been the subject of several other reports. Peel Hunt reaffirmed a hold rating and set a GBX 5,980 ($77.90) target price (up from GBX 5,300 ($69.04)) on shares of Ferguson in a report on Tuesday, October 2nd. Liberum Capital reaffirmed a buy rating and set a GBX 6,518 ($84.90) target price on shares of Ferguson in a report on Tuesday, October 2nd. Canaccord Genuity reaffirmed a hold rating and set a GBX 6,300 ($82.06) target price on shares of Ferguson in a report on Monday, September 3rd. Deutsche Bank lifted their target price on shares of Ferguson from GBX 5,300 ($69.04) to GBX 6,537 ($85.15) and gave the company a hold rating in a report on Monday, September 3rd. Finally, Citigroup lifted their target price on shares of Ferguson from GBX 6,300 ($82.06) to GBX 6,650 ($86.62) and gave the company a buy rating in a report on Thursday, June 14th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Ferguson has a consensus rating of Hold and an average target price of GBX 6,251.15 ($81.43).

FERG opened at GBX 5,978 ($77.87) on Thursday. Ferguson has a 12-month low of GBX 4,427 ($57.67) and a 12-month high of GBX 5,722 ($74.53).

The business also recently declared a dividend, which will be paid on Wednesday, December 5th. Investors of record on Thursday, October 25th will be paid a $1.32 dividend. The ex-dividend date is Thursday, October 25th. This represents a yield of 1.67%.

About Ferguson

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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Analyst Recommendations for Ferguson (LON:FERG)

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