Ferguson (FERG) Receives Buy Rating from Citigroup

Citigroup restated their buy rating on shares of Ferguson (LON:FERG) in a report released on Friday morning.

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).

The firm also recently disclosed a dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, October 26th were given a GBX 73.33 ($0.99) dividend. This represents a dividend yield of 1.41%. The ex-dividend date was Thursday, October 26th.

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).

ILLEGAL ACTIVITY WARNING: “Ferguson (FERG) Receives Buy Rating from Citigroup” was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/12/05/ferguson-ferg-receives-buy-rating-from-citigroup.html.

About Ferguson

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.

Analyst Recommendations for Ferguson (LON:FERG)

Receive News & Ratings for Ferguson plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferguson plc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply