Zacks Investment Research upgraded shares of Ferguson (OTCMKTS:FERGY) from a sell rating to a hold rating in a research report sent to investors on Monday morning.
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. “
A number of other equities analysts have also recently weighed in on the company. ValuEngine cut Ferguson from a hold rating to a sell rating in a report on Monday, October 22nd. JPMorgan Chase & Co. cut Ferguson from an overweight rating to a neutral rating in a report on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $8.75.
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, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.
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