Equities research analysts at Barclays assumed coverage on shares of Ferguson (NASDAQ:FERG – Get Rating) in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage set an “overweight” rating on the stock.
A number of other equities analysts have also recently commented on the company. HSBC raised Ferguson from a “hold” rating to a “buy” rating in a report on Monday, February 28th. Truist Financial increased their price target on Ferguson from $186.00 to $200.00 in a research note on Friday, January 14th. Zacks Investment Research upgraded Ferguson from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a research note on Wednesday, March 2nd. Jefferies Financial Group lowered Ferguson from a “buy” rating to a “hold” rating in a research note on Monday, February 28th. Finally, UBS Group cut their price target on Ferguson from £155 ($197.55) to £140 ($178.43) in a research note on Wednesday, January 26th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $7,092.25.
Ferguson stock traded down $5.38 during trading on Friday, reaching $126.48. The company had a trading volume of 458,885 shares, compared to its average volume of 224,524. Ferguson has a 52 week low of $124.53 and a 52 week high of $183.67. The firm’s 50-day simple moving average is $141.84 and its 200 day simple moving average is $153.42. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.66 and a quick ratio of 0.91.
Ferguson Company Profile (Get Rating)
Ferguson plc distributes plumbing and heating products in the United States and Canada. It offers plumbing and heating solutions to customers in the residential, commercial, civil/infrastructure, and industrial end markets. The company also distributes pipes, valves, fittings, plumbing supplies, water heaters, kitchen and bathroom fixtures, and appliances; heating, ventilation, air conditioning, and refrigeration products and supplies; and plumbing parts and supplies, fire sprinkler systems, hangers, struts, and fasteners.
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