Ferguson (OTCMKTS:FERGY) Rating Lowered to Neutral at Citigroup

Citigroup cut shares of Ferguson (OTCMKTS:FERGY) from a buy rating to a neutral rating in a research note published on Monday morning, The Fly reports.

Several other research firms also recently commented on FERGY. Canaccord Genuity downgraded Ferguson from a buy rating to a hold rating in a report on Wednesday, July 3rd. Credit Suisse Group cut Ferguson from a neutral rating to an underperform rating in a research report on Friday, May 17th. Stifel Nicolaus reaffirmed a hold rating on shares of Ferguson in a research report on Tuesday, May 7th. ValuEngine raised Ferguson from a sell rating to a hold rating in a research report on Wednesday, May 1st. Finally, Berenberg Bank cut Ferguson from a buy rating to a hold rating in a research report on Friday, June 14th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $7.75.

OTCMKTS FERGY opened at $7.07 on Monday. The company has a market cap of $16.36 billion, a price-to-earnings ratio of 16.07, a P/E/G ratio of 1.23 and a beta of 1.08. Ferguson has a 52 week low of $5.95 and a 52 week high of $8.67. The business has a 50 day moving average price of $7.28 and a 200-day moving average price of $6.97.

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, civil and industrial markets, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.

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Analyst Recommendations for Ferguson (OTCMKTS:FERGY)

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