Ferguson Plc (FERGY) Rating Lowered to Sell at Zacks Investment Research

Ferguson Plc (NASDAQ:FERGY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday.

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. “

Separately, Sanford C. Bernstein initiated coverage on Ferguson Plc in a research report on Wednesday, September 13th. They issued an “outperform” rating on the stock.

Shares of Ferguson Plc (NASDAQ FERGY) traded up $0.03 during mid-day trading on Friday, reaching $7.06. The company had a trading volume of 83,039 shares, compared to its average volume of 178,867. Ferguson Plc has a 1 year low of $5.11 and a 1 year high of $7.08.

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About Ferguson Plc

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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