Ferguson Plc (FERGY) Coverage Initiated by Analysts at Sanford C. Bernstein

Sanford C. Bernstein started coverage on shares of Ferguson Plc (NASDAQ:FERGY) in a research report report published on Wednesday morning. The firm issued an outperform rating on the stock.

Separately, Zacks Investment Research cut Ferguson Plc from a buy rating to a hold rating in a research note on Tuesday, August 29th.

Ferguson Plc (NASDAQ:FERGY) opened at 6.15 on Wednesday. The firm has a 50 day moving average of $6.04 and a 200 day moving average of $6.20. The firm’s market capitalization is $15.58 billion. Ferguson Plc has a one year low of $5.06 and a one year high of $6.64.

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Ferguson Plc Company Profile

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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