Wolseley (FERGY) Raised to Hold at Zacks Investment Research

Wolseley (OTCMKTS:FERGY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Ferguson plc is a distributor of plumbing and heating products to professional contractors and consumers primarily in the USA, UK, Nordics, Canada and Central Europe. Ferguson plc, formerly known as Wolseley plc, is headquartered in Zug, Switzerland. “

Several other research analysts have also weighed in on the company. Sanford C. Bernstein assumed coverage on Wolseley in a research report on Wednesday, September 13th. They issued an “outperform” rating for the company. ValuEngine upgraded Wolseley from a “hold” rating to a “buy” rating in a research report on Sunday.

Shares of Wolseley (OTCMKTS:FERGY) opened at $7.20 on Wednesday. Wolseley has a fifty-two week low of $5.80 and a fifty-two week high of $7.43. The company has a market capitalization of $17,970.00, a P/E ratio of 15.32, a P/E/G ratio of 1.27 and a beta of 1.07.

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About Wolseley

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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