Ferguson plc (LON:FERG) Given Average Rating of “Hold” by Analysts

Shares of Ferguson plc (LON:FERGGet Rating) have earned an average rating of “Hold” from the eleven research firms that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is £125.57 ($163.63).

Several brokerages have recently commented on FERG. Deutsche Bank Aktiengesellschaft lowered Ferguson to a “hold” rating and decreased their target price for the stock from £132.60 ($172.79) to GBX 9,960 ($129.79) in a research report on Wednesday. Morgan Stanley reiterated an “equal weight” rating on shares of Ferguson in a research report on Friday, March 25th. Barclays reiterated an “overweight” rating and issued a £130 ($169.40) target price on shares of Ferguson in a research report on Wednesday, March 16th. Berenberg Bank decreased their target price on Ferguson from £150 ($195.47) to £140 ($182.43) and set a “buy” rating for the company in a research report on Tuesday, March 15th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a £147 ($191.56) target price on shares of Ferguson in a research report on Friday, January 14th.

Shares of LON FERG opened at GBX 9,910 ($129.14) on Thursday. Ferguson has a fifty-two week low of GBX 9,043.48 ($117.85) and a fifty-two week high of £136.40 ($177.74). The business has a 50 day moving average price of £108.30 and a two-hundred day moving average price of £114.04. The company has a quick ratio of 0.75, a current ratio of 1.67 and a debt-to-equity ratio of 86.63. The firm has a market cap of £21.55 billion and a PE ratio of 13.97.

The business also recently disclosed a dividend, which will be paid on Friday, May 6th. Investors of record on Thursday, March 24th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Thursday, March 24th. This represents a yield of 0.55%. Ferguson’s dividend payout ratio is currently 0.34%.

Ferguson Company Profile (Get Rating)

Ferguson plc distributes plumbing and heating products in the United States, the United Kingdom, Canada, and Central Europe. It offers plumbing and heating solutions to customers in the residential, municipal, civil and industrial markets, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.

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Analyst Recommendations for Ferguson (LON:FERG)

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