Ferguson Plc (FERG) Given Average Recommendation of “Buy” by Brokerages

Shares of Ferguson Plc (LON:FERG) have been given a consensus rating of “Buy” by the fourteen analysts that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 6,436.09 ($84.10).

Several brokerages recently weighed in on FERG. Numis Securities cut shares of Ferguson to a “hold” rating in a research note on Wednesday, October 3rd. Royal Bank of Canada reissued a “sector performer” rating and issued a GBX 6,300 ($82.32) price objective (up previously from GBX 6,000 ($78.40)) on shares of Ferguson in a research note on Thursday, October 4th. Liberum Capital reduced their price objective on shares of Ferguson from GBX 6,518 ($85.17) to GBX 6,500 ($84.93) and set a “buy” rating on the stock in a research note on Thursday, October 11th. Canaccord Genuity reissued a “hold” rating and issued a GBX 6,300 ($82.32) price objective on shares of Ferguson in a research note on Tuesday, October 2nd. Finally, Peel Hunt restated a “hold” rating and issued a GBX 5,980 ($78.14) target price (up previously from GBX 5,300 ($69.25)) on shares of Ferguson in a report on Tuesday, October 2nd.

Shares of Ferguson stock opened at GBX 5,180 ($67.69) on Friday. Ferguson has a twelve month low of GBX 4,427 ($57.85) and a twelve month high of GBX 5,722 ($74.77).

The company also recently announced a dividend, which will be paid on Wednesday, December 5th. Investors of record on Thursday, October 25th will be issued a $1.32 dividend. The ex-dividend date is Thursday, October 25th. This represents a yield of 1.67%.

About Ferguson

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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Analyst Recommendations for Ferguson (LON:FERG)

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