Zacks: Ferguson Plc (FERGY) Given $7.30 Average Target Price by Analysts

Shares of Ferguson Plc (NASDAQ:FERGY) have been assigned a consensus broker rating score of 1.50 (Buy) from the six analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation, one has assigned a buy recommendation and four have assigned a strong buy recommendation to the company.

Brokerages have set a 12 month consensus target price of $7.30 for the company, according to Zacks. Zacks has also assigned Ferguson Plc an industry rank of 66 out of 265 based on the ratings given to related companies.

FERGY has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Ferguson Plc from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Sanford C. Bernstein initiated coverage on shares of Ferguson Plc in a research report on Wednesday, September 13th. They issued an “outperform” rating for the company.

Shares of Ferguson Plc (NASDAQ FERGY) traded up 1.31% during trading on Friday, hitting $6.95. The company had a trading volume of 61,808 shares. Ferguson Plc has a 52-week low of $5.06 and a 52-week high of $6.96. The stock’s 50-day moving average is $6.26 and its 200 day moving average is $6.24. The firm’s market capitalization is $17.60 billion.

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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, Nordics, 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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