Ferguson (FERG) PT Raised to GBX 5,900 at J P Morgan Chase & Co

Ferguson (LON:FERG) had its price target lifted by J P Morgan Chase & Co from GBX 5,675 ($76.38) to GBX 5,900 ($79.41) in a research note published on Thursday morning. J P Morgan Chase & Co currently has an overweight rating on the stock.

FERG has been the subject of several other research reports. Liberum Capital reaffirmed a buy rating and set a GBX 5,300 ($71.33) price objective on shares of Ferguson in a research report on Friday, September 29th. Citigroup reaffirmed a buy rating on shares of Ferguson in a research report on Friday, December 1st. Peel Hunt raised their price objective on shares of Ferguson from GBX 5,200 ($69.99) to GBX 5,220 ($70.26) and gave the stock a hold rating in a research report on Wednesday, December 6th. Credit Suisse Group began coverage on shares of Ferguson in a research report on Wednesday, December 13th. They set an outperform rating and a GBX 6,200 ($83.45) price objective for the company. Finally, Berenberg Bank reaffirmed 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 5,394.80 ($72.61).

Shares of Ferguson (LON:FERG) opened at GBX 5,312.50 ($71.50) on Thursday. Ferguson has a 52-week low of GBX 4,427 ($59.58) and a 52-week high of GBX 5,582.90 ($75.14).

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

In other Ferguson news, insider Richard Shoylekov sold 18,712 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of GBX 5,368 ($72.25), for a total transaction of £1,004,460.16 ($1,351,897.93).

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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)

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