Ferguson (FERG) Price Target Cut to GBX 6,750 by Analysts at Societe Generale

Ferguson (LON:FERG) had its price target decreased by research analysts at Societe Generale from GBX 7,200 ($94.08) to GBX 6,750 ($88.20) in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. Societe Generale’s price target suggests a potential upside of 41.32% from the stock’s current price.

Other analysts also recently issued research reports about the company. Numis Securities downgraded Ferguson to a “hold” rating in a research note on Wednesday, October 3rd. Liberum Capital cut their price target on 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. Royal Bank of Canada restated a “sector performer” rating and issued a GBX 6,300 ($82.32) price target (up previously from GBX 6,000 ($78.40)) on shares of Ferguson in a research note on Thursday, October 4th. Canaccord Genuity restated a “hold” rating and issued a GBX 6,300 ($82.32) price target 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) price target (up previously from GBX 5,300 ($69.25)) on shares of Ferguson in a research note on Tuesday, October 2nd. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Ferguson presently has a consensus rating of “Buy” and a consensus price target of GBX 6,407.46 ($83.72).

Ferguson stock opened at GBX 4,776.50 ($62.41) on Wednesday. Ferguson has a twelve month low of GBX 4,427 ($57.85) and a twelve month high of GBX 5,722 ($74.77).

In other Ferguson news, insider Kevin Murphy sold 2,488 shares of the stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of GBX 5,170 ($67.56), for a total transaction of £128,629.60 ($168,077.36). Also, insider John W. Martin bought 10,000 shares of the business’s stock in a transaction on Wednesday, December 5th. The shares were acquired at an average price of GBX 4,917 ($64.25) per share, for a total transaction of £491,700 ($642,493.14).

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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