Ferguson (FERG) Given Outperform Rating at Credit Suisse Group

Credit Suisse Group reissued their outperform rating on shares of Ferguson (LON:FERG) in a research note released on Wednesday. They currently have a GBX 6,200 ($82.90) price target on the stock.

A number of other research analysts also recently issued reports on the company. Liberum Capital boosted their price target on Ferguson from GBX 5,300 ($70.87) to GBX 5,450 ($72.87) and gave the company a buy rating in a report on Tuesday, November 14th. JPMorgan Chase & Co. boosted their price target on Ferguson from GBX 5,675 ($75.88) to GBX 5,900 ($78.89) and gave the company an overweight rating in a report on Thursday, December 14th. Sanford C. Bernstein started coverage on Ferguson in a report on Wednesday, September 13th. They set an outperform rating on the stock. Berenberg Bank restated a buy rating and set a GBX 5,800 ($77.55) price target on shares of Ferguson in a report on Wednesday, October 25th. Finally, Canaccord Genuity downgraded Ferguson to a hold rating and boosted their price target for the company from GBX 5,435 ($72.67) to GBX 5,870 ($78.49) in a report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of GBX 5,394.80 ($72.13).

Ferguson (FERG) opened at GBX 5,430 ($72.60) on Wednesday. Ferguson has a twelve month low of GBX 4,427 ($59.19) and a twelve month high of GBX 5,582.90 ($74.65). The stock has a market capitalization of $13,520.00 and a PE ratio of 1,547.01.

In related 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 ($71.77), for a total value of £1,004,460.16 ($1,343,040.73).

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About Ferguson

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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