Ferguson (FERG) Upgraded at Canaccord Genuity

Canaccord Genuity upgraded shares of Ferguson (LON:FERG) to a buy rating in a report released on Thursday. Canaccord Genuity currently has GBX 5,800 ($75.79) price objective on the stock, down from their prior price objective of GBX 6,400 ($83.63).

Several other equities research analysts have also issued reports on FERG. Barclays reiterated an overweight rating and issued a GBX 6,700 ($87.55) price target on shares of Ferguson in a research note on Monday. Liberum Capital lowered their price target 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. Berenberg Bank lifted their price target on shares of Ferguson from GBX 6,900 ($90.16) to GBX 7,000 ($91.47) and gave the company a buy rating in a research note on Monday, October 8th. UBS Group reiterated a neutral rating on shares of Ferguson in a research note on Thursday, October 4th. Finally, Royal Bank of Canada reiterated a sector performer rating and issued a GBX 6,300 ($82.32) price target (up from GBX 6,000 ($78.40)) on shares of Ferguson in a research note on Thursday, October 4th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of GBX 6,370.58 ($83.24).

Shares of LON:FERG traded up GBX 103.50 ($1.35) during midday trading on Thursday, reaching GBX 4,854.50 ($63.43). 363,272 shares of the company were exchanged, compared to its average volume of 656,008. Ferguson has a fifty-two week low of GBX 4,427 ($57.85) and a fifty-two week high of GBX 5,722 ($74.77).

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

In other news, insider Kevin Murphy sold 2,488 shares of Ferguson stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of GBX 5,170 ($67.56), for a total value of £128,629.60 ($168,077.36).

Ferguson Company Profile

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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