Ferguson (FERG) PT Raised to GBX 5,900

Ferguson (LON:FERG) had its price target increased by analysts at J P Morgan Chase & Co from GBX 5,675 ($76.38) to GBX 5,900 ($79.41) in a research note issued on Thursday. The firm presently has an “overweight” rating on the stock. J P Morgan Chase & Co’s target price points to a potential upside of 11.93% from the stock’s previous close.

A number of other equities analysts have also recently commented on FERG. Credit Suisse Group assumed coverage on shares of Ferguson in a research note on Wednesday. They issued an “outperform” rating and a GBX 6,200 ($83.45) price objective for the company. Liberum Capital reissued a “buy” rating and issued a GBX 5,450 ($73.35) price objective on shares of Ferguson in a research note on Tuesday, December 5th. Peel Hunt lifted their price objective on shares of Ferguson from GBX 5,200 ($69.99) to GBX 5,220 ($70.26) and gave the stock a “hold” rating in a research note on Wednesday, December 6th. Deutsche Bank restated a “hold” rating and issued a GBX 4,700 ($63.26) target price on shares of Ferguson in a report on Wednesday, December 6th. Finally, Barclays restated an “overweight” rating and issued a GBX 5,600 ($75.37) target price on shares of Ferguson in a report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Ferguson has an average rating of “Hold” and a consensus target price of GBX 5,368.13 ($72.25).

Shares of Ferguson (LON:FERG) opened at GBX 5,271.29 ($70.95) on Thursday. Ferguson has a 52-week low of GBX 4,427 ($59.58) and a 52-week high of GBX 5,582.90 ($75.14).

In other Ferguson news, insider Richard Shoylekov sold 18,712 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of GBX 5,368 ($72.25), for a total transaction of £1,004,460.16 ($1,351,897.93).

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About Ferguson

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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