Wolseley (FERGY) Stock Rating Upgraded by Zacks Investment Research

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.

Wolseley (OTCMKTS FERGY) traded down $0.09 during midday trading on Thursday, reaching $7.85. 725,239 shares of the company’s stock were exchanged, compared to its average volume of 663,504. Wolseley has a 52-week low of $5.80 and a 52-week high of $7.56.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & international copyright & trademark legislation. The original version of this piece of content can be viewed at https://www.chaffeybreeze.com/2018/01/19/wolseley-fergy-stock-rating-upgraded-by-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Wolseley (FERGY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Latest News

Leave a Reply