Ferguson (FERGY) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Ferguson (OTCMKTS:FERGY) from a sell rating to a hold rating in a report released on Friday morning.

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. “

Several other research firms have also weighed in on FERGY. JPMorgan Chase & Co. lowered Ferguson from an overweight rating to a neutral rating in a research note on Wednesday, October 3rd. ValuEngine lowered Ferguson from a hold rating to a sell rating in a research note on Monday, October 22nd. Finally, Canaccord Genuity upgraded Ferguson from a hold rating to a buy rating in a research note on Friday, November 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $8.75.

FERGY stock opened at $6.38 on Friday. Ferguson has a 1-year low of $5.98 and a 1-year high of $8.67. The company has a market capitalization of $14.79 billion, a PE ratio of 14.50, a P/E/G ratio of 1.54 and a beta of 1.26.

Ferguson Company Profile

Ferguson plc distributes plumbing and heating products in the United States, the United Kingdom, Canada, and Central Europe. It offers plumbing and heating solutions to customers in the residential, municipal, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.

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