Ferguson (OTCMKTS:FERGY) Rating Lowered to Neutral at Citigroup

Citigroup cut shares of Ferguson (OTCMKTS:FERGY) from a buy rating to a neutral rating in a research note issued to investors on Monday, The Fly reports.

Several other analysts have also issued reports on the company. Berenberg Bank lowered Ferguson from a buy rating to a hold rating in a report on Friday, June 14th. Stifel Nicolaus reissued a hold rating on shares of Ferguson in a report on Tuesday, May 7th. Zacks Investment Research raised Ferguson from a sell rating to a hold rating in a research note on Monday, August 5th. SunTrust Banks started coverage on Ferguson in a research note on Tuesday, July 16th. They issued a buy rating on the stock. Finally, ValuEngine raised Ferguson from a sell rating to a hold rating in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $7.75.

FERGY opened at $7.07 on Monday. The firm has a market cap of $16.36 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. Ferguson has a 52-week low of $5.95 and a 52-week high of $8.67. The business’s fifty day moving average is $7.28 and its 200-day moving average is $6.97.

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, 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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