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

Zacks Investment Research upgraded shares of Ferguson (OTCMKTS:FERGY) from a sell rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports.

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 issued reports on FERGY. Stifel Nicolaus lowered shares of Essentra to a hold rating in a research report on Tuesday, May 7th. JPMorgan Chase & Co. raised their price target on shares of Edwards Lifesciences from $175.00 to $190.00 and gave the stock a neutral rating in a research report on Wednesday, March 27th. They noted that the move was a valuation call. Canaccord Genuity set a $394.00 price target on shares of Tesla and gave the stock a buy rating in a research report on Wednesday, July 3rd. Berenberg Bank set a €54.00 ($62.79) price target on shares of 1&1 Drillisch and gave the stock a buy rating in a research report on Friday, June 14th. Finally, ValuEngine lowered shares of Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Ferguson currently has an average rating of Hold and a consensus price target of $7.75.

OTCMKTS FERGY opened at $7.26 on Wednesday. The firm has a market cap of $16.79 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 1.25 and a beta of 1.09. The stock has a fifty day moving average of $6.88. Ferguson has a 52-week low of $5.95 and a 52-week high of $8.67.

About Ferguson

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, civil and industrial markets, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.

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Analyst Recommendations for Ferguson (OTCMKTS:FERGY)

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