Ferguson (LON:FERG) had its price objective raised by JPMorgan Chase & Co. from GBX 5,900 ($80.01) to GBX 6,250 ($84.76) in a research note released on Tuesday. JPMorgan Chase & Co. currently has an overweight rating on the stock.
A number of other analysts have also commented on the company. Liberum Capital lifted their price target on Ferguson from GBX 5,300 ($71.87) to GBX 5,450 ($73.91) and gave the stock a buy rating in a report on Tuesday, November 14th. Credit Suisse Group started coverage on Ferguson in a report on Wednesday, December 13th. They set an outperform rating and a GBX 6,200 ($84.08) price target on the stock. Barclays reiterated an overweight rating and set a GBX 6,000 ($81.37) price target on shares of Ferguson in a report on Monday, December 18th. Berenberg Bank reiterated a buy rating and set a GBX 5,800 ($78.65) price target on shares of Ferguson in a report on Wednesday, October 25th. Finally, Canaccord Genuity lowered Ferguson to a hold rating and lifted their price target for the stock from GBX 5,435 ($73.70) to GBX 5,870 ($79.60) in a report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of GBX 5,608.13 ($76.05).
Shares of Ferguson (LON:FERG) opened at GBX 5,624 ($76.27) on Tuesday. The company has a market capitalization of $13,990.00 and a price-to-earnings ratio of 1,602.28. Ferguson has a fifty-two week low of GBX 4,427 ($60.04) and a fifty-two week high of GBX 5,722 ($77.60).
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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