Several other brokerages have also recently weighed in on FERG. Berenberg Bank reiterated a buy rating and set a GBX 5,800 ($78.06) price target on shares of Ferguson in a research report on Wednesday, October 25th. Goldman Sachs Group reiterated a neutral rating and set a GBX 5,500 ($74.02) price target on shares of Ferguson in a research report on Monday, October 16th. Liberum Capital lifted their price target on Ferguson from GBX 5,300 ($71.33) to GBX 5,450 ($73.35) and gave the company a buy rating in a research report on Tuesday, November 14th. Jefferies Group lifted their price target on Ferguson from GBX 5,170 ($69.58) to GBX 5,240 ($70.52) and gave the company a hold rating in a research report on Thursday, October 5th. Finally, Deutsche Bank reiterated a hold rating and set a GBX 4,700 ($63.26) price target on shares of Ferguson in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 5,256.93 ($70.75).
Ferguson (LON:FERG) opened at GBX 5,537.50 ($74.53) on Friday. Ferguson has a 12 month low of GBX 4,427 ($59.58) and a 12 month high of GBX 5,582.90 ($75.14).
In other news, insider Richard Shoylekov sold 18,712 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of GBX 5,368 ($72.25), for a total value of £1,004,460.16 ($1,351,897.93).
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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