Ferguson (LON:FERG) Cut to Hold at Liberum Capital

Liberum Capital downgraded shares of Ferguson (LON:FERG) to a hold rating in a report issued on Tuesday, Stock Target Advisor reports.

Other research analysts have also issued reports about the stock. Jefferies Financial Group raised their price objective on shares of Ferguson from GBX 7,281 ($95.14) to GBX 7,532 ($98.42) and gave the company a buy rating in a research note on Monday, November 11th. Peel Hunt reissued an add rating and set a GBX 5,430 ($70.95) target price on shares of Ferguson in a research report on Tuesday, October 1st. Deutsche Bank upped their target price on shares of Ferguson from GBX 6,900 ($90.16) to GBX 7,650 ($99.96) and gave the stock a buy rating in a report on Wednesday, November 20th. Goldman Sachs Group reaffirmed a buy rating on shares of Ferguson in a research report on Tuesday, September 3rd. Finally, Barclays lifted their price target on Ferguson from GBX 6,300 ($82.32) to GBX 7,000 ($91.47) and gave the company an overweight rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 6,209.13 ($81.13).

Shares of FERG stock opened at GBX 6,612 ($86.40) on Tuesday. The company has a current ratio of 1.72, a quick ratio of 1.03 and a debt-to-equity ratio of 54.02. The firm has a fifty day simple moving average of GBX 6,650.32 and a two-hundred day simple moving average of GBX 6,035.55. Ferguson has a 12 month low of GBX 4,594 ($60.03) and a 12 month high of GBX 6,914 ($90.34). The firm has a market capitalization of $14.92 billion and a PE ratio of 13.84.

The firm also recently declared a dividend, which was paid on Thursday, November 28th. Investors of record on Thursday, October 24th were issued a dividend of $1.45 per share. This is a positive change from Ferguson’s previous dividend of $0.63. This represents a yield of 1.91%. The ex-dividend date of this dividend was Thursday, October 24th. Ferguson’s dividend payout ratio (DPR) is 0.34%.

In other Ferguson news, insider Kevin Murphy sold 2,523 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of GBX 6,583 ($86.02), for a total value of £166,089.09 ($217,024.81).

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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