Ferguson (FERG) Price Target Increased to GBX 5,675 by Analysts at J P Morgan Chase & Co

Ferguson (LON:FERG) had its price target lifted by J P Morgan Chase & Co from GBX 5,600 ($75.37) to GBX 5,675 ($76.38) in a research note released on Monday morning, MarketBeat Ratings reports. They currently have an overweight rating on the stock.

Several other equities analysts have also recently weighed in on the company. Citigroup reissued a buy rating on shares of Ferguson in a research report on Friday, December 1st. Liberum Capital boosted their price objective on Ferguson from GBX 5,300 ($71.33) to GBX 5,450 ($73.35) and gave the stock a buy rating in a research report on Tuesday, November 14th. Berenberg Bank reissued a buy rating and set a GBX 5,800 ($78.06) price objective on shares of Ferguson in a research report on Wednesday, October 25th. Goldman Sachs Group reissued a neutral rating and set a GBX 5,500 ($74.02) price objective on shares of Ferguson in a research report on Monday, October 16th. Finally, Jefferies Group boosted their price objective on Ferguson from GBX 5,170 ($69.58) to GBX 5,240 ($70.52) and gave the stock a hold rating in a research report on Thursday, October 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 5,292.64 ($71.23).

Shares of Ferguson (LON:FERG) opened at GBX 5,419.11 ($72.94) on Monday. 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 company also recently declared a dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, October 26th were issued a GBX 73.33 ($0.99) dividend. The ex-dividend date of this dividend was Thursday, October 26th. This represents a yield of 1.41%.

In other Ferguson news, insider Richard Shoylekov sold 18,712 shares of the company’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).

TRADEMARK VIOLATION WARNING: This article was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.chaffeybreeze.com/2017/12/08/ferguson-ferg-price-target-increased-to-gbx-5675-by-analysts-at-j-p-morgan-chase-co.html.

Ferguson 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.

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