Ferguson (FERG) Rating Reiterated by Citigroup

Ferguson (LON:FERG)‘s stock had its “buy” rating reaffirmed by equities research analysts at Citigroup in a report released on Friday.

Other equities analysts have also recently issued reports about the stock. Peel Hunt lifted their price objective on shares of Ferguson from GBX 5,120 ($68.57) to GBX 5,200 ($69.64) and gave the stock a “hold” rating in a research report on Tuesday, October 3rd. Jefferies Group lifted their price objective on shares of Ferguson from GBX 5,170 ($69.24) to GBX 5,240 ($70.18) and gave the stock a “hold” rating in a research report on Thursday, October 5th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 5,600 ($75.00) price objective on shares of Ferguson in a research report on Tuesday, October 3rd. Sanford C. Bernstein assumed coverage on shares of Ferguson in a research report on Wednesday, September 13th. They set an “outperform” rating for the company. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 5,600 ($75.00) price objective on shares of Ferguson in a research report on Monday, September 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 5,251.57 ($70.33).

Ferguson (LON FERG) opened at GBX 5,381.76 ($72.07) on Friday. Ferguson has a 52-week low of GBX 4,427 ($59.29) and a 52-week high of GBX 5,470 ($73.26).

In related news, insider Richard Shoylekov sold 18,712 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of GBX 5,368 ($71.89), for a total value of £1,004,460.16 ($1,345,199.09).

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Ferguson 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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