Ferguson Plc (FERG) Receives Average Recommendation of “Buy” from Analysts

Ferguson Plc (LON:FERG) has received a consensus recommendation of “Buy” from the fourteen research firms that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 6,344.70 ($82.90).

Several analysts recently commented on the company. Berenberg Bank dropped their target price on Ferguson from GBX 7,000 ($91.47) to GBX 6,500 ($84.93) and set a “buy” rating on the stock in a report on Monday, January 28th. Societe Generale dropped their target price on Ferguson from GBX 7,200 ($94.08) to GBX 6,750 ($88.20) and set a “buy” rating on the stock in a report on Wednesday, December 5th. Barclays reaffirmed an “overweight” rating and set a GBX 6,700 ($87.55) target price on shares of Ferguson in a report on Monday, November 19th. Peel Hunt raised their target price on Ferguson from GBX 5,300 ($69.25) to GBX 5,980 ($78.14) and gave the stock a “hold” rating in a report on Tuesday, December 4th. Finally, Canaccord Genuity raised Ferguson to a “buy” rating and dropped their target price for the stock from GBX 6,400 ($83.63) to GBX 5,800 ($75.79) in a report on Thursday, November 22nd.

Shares of FERG stock opened at GBX 5,329 ($69.63) on Friday. The company has a current ratio of 1.64, a quick ratio of 0.96 and a debt-to-equity ratio of 47.57. The stock has a market capitalization of $12.27 billion and a PE ratio of 9.86. Ferguson has a fifty-two week low of GBX 4,688.50 ($61.26) and a fifty-two week high of GBX 6,601 ($86.25).

In related news, insider John W. Martin sold 14,560 shares of the firm’s stock in a transaction dated Monday, January 21st. The stock was sold at an average price of GBX 5,337 ($69.74), for a total transaction of £777,067.20 ($1,015,375.93).

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: Risk Tolerance

Analyst Recommendations for Ferguson (LON:FERG)

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