Ferguson (OTCMKTS:FERGY) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Ferguson (OTCMKTS:FERGY) from a sell rating to a hold rating in a research report sent to investors on Wednesday, Zacks.com reports.

According to Zacks, “Ferguson plc is a distributor of plumbing and heating products to professional contractors and consumers primarily in the USA, UK, Nordics, Canada and Central Europe. Ferguson plc, formerly known as Wolseley plc, is headquartered in Zug, Switzerland. “

A number of other analysts have also recently weighed in on the stock. ValuEngine cut shares of Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. raised their target price on shares of Edwards Lifesciences from $175.00 to $190.00 and gave the stock a neutral rating in a report on Wednesday, March 27th. They noted that the move was a valuation call. Canaccord Genuity set a $394.00 target price on shares of Tesla and gave the stock a buy rating in a report on Wednesday, July 3rd. Berenberg Bank set a €54.00 ($62.79) target price on shares of 1&1 Drillisch and gave the stock a buy rating in a report on Friday, June 14th. Finally, Credit Suisse Group downgraded shares of Advanced Disposal Services from an outperform rating to a neutral rating and upped their price target for the company from $29.00 to $33.00 in a research report on Friday, May 17th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Ferguson presently has a consensus rating of Hold and an average price target of $7.75.

Shares of OTCMKTS:FERGY opened at $7.26 on Wednesday. The company has a market capitalization of $16.79 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 1.25 and a beta of 1.09. Ferguson has a 1-year low of $5.95 and a 1-year high of $8.67. The business’s 50 day simple moving average is $6.88.

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.

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