Ferguson (FERGY) Stock Rating Lowered by Credit Suisse Group

Ferguson (OTCMKTS:FERGY) was downgraded by Credit Suisse Group from a “neutral” rating to an “underperform” rating in a note issued to investors on Friday, The Fly reports.

A number of other research firms have also issued reports on FERGY. Zacks Investment Research raised shares of Ferguson from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. ValuEngine lowered shares of Ferguson from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th. Stifel Nicolaus reissued a “hold” rating on shares of Ferguson in a research report on Tuesday, May 7th. BNP Paribas reissued an “underperform” rating on shares of Ferguson in a research report on Wednesday, January 23rd. Finally, JPMorgan Chase & Co. raised shares of Ferguson from a “neutral” rating to an “overweight” rating in a research report on Wednesday, March 27th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Ferguson presently has a consensus rating of “Hold” and an average price target of $7.75.

Shares of Ferguson stock opened at $6.82 on Friday. The company has a market capitalization of $15.81 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.17 and a beta of 1.01. Ferguson has a 52 week low of $5.95 and a 52 week high of $8.67.

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, civil and industrial markets, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.

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Analyst Recommendations for Ferguson (OTCMKTS:FERGY)

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