Wolseley (OTCMKTS:FERGY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage presently has a $9.00 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 14.65% from the company’s previous close.
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. “
FERGY has been the subject of a number of other research reports. ValuEngine raised shares of Wolseley from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Numis Securities raised shares of Wolseley from a “hold” rating to an “add” rating in a report on Tuesday. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Wolseley in a report on Wednesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $9.00.
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Wolseley 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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