Ferguson Plc (WOS) Lifted to Outperform at Royal Bank Of Canada

Ferguson Plc (LON:WOS) was upgraded by Royal Bank Of Canada to an “outperform” rating in a note issued to investors on Monday, July 31st. The brokerage presently has a GBX 5,200 ($67.51) price objective on the stock, up from their previous price objective of GBX 5,000 ($64.91). Royal Bank Of Canada’s target price points to a potential upside of 14.87% from the stock’s current price.

WOS has been the topic of a number of other reports. J P Morgan Chase & Co raised Ferguson Plc to an “overweight” rating and lifted their target price for the stock from GBX 4,960 ($64.39) to GBX 5,600 ($72.70) in a research report on Monday, June 5th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a GBX 5,000 ($64.91) price objective on shares of Ferguson Plc in a report on Monday, July 17th. Canaccord Genuity reaffirmed a “hold” rating and set a GBX 5,400 ($70.10) price objective on shares of Ferguson Plc in a report on Tuesday, June 20th. Peel Hunt lifted their price objective on Ferguson Plc from GBX 5,120 ($66.47) to GBX 5,200 ($67.51) and gave the company a “hold” rating in a report on Monday, June 19th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 4,700 ($61.02) price objective on shares of Ferguson Plc in a report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 5,117.63 ($66.44).

Shares of Ferguson Plc (LON WOS) opened at 4527.00 on Monday. Ferguson Plc has a 52 week low of GBX 4,099.00 and a 52 week high of GBX 5,285.00. The firm has a 50 day moving average price of GBX 4,630.76 and a 200-day moving average price of GBX 4,875.35.

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In related news, insider Darren M. Shapland bought 100 shares of Ferguson Plc stock in a transaction that occurred on Tuesday, May 23rd. The stock was purchased at an average cost of GBX 4,928 ($63.98) per share, with a total value of £4,928 ($6,397.51).

Ferguson Plc Company Profile

Ferguson Plc, formerly Wolseley plc, is a Switzerland-based holding company. The Company is engaged in the distribution of plumbing and heating products and building materials. The Company’s segments include USA, UK, Nordic, and Canada and Central Europe. The Company operates seven business units in the United States, six of these mainly operate in the business to business (B2B) market with one operating in the business to consumer (B2C) market.

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