Ferguson’s (FERG) “Neutral” Rating Reiterated at UBS Group

UBS Group reissued their neutral rating on shares of Ferguson (LON:FERG) in a research report released on Friday, ThisIsMoney.Co.Uk reports.

Several other research analysts have also commented on the company. Jefferies Financial Group raised their price objective on Ferguson from GBX 7,281 ($95.14) to GBX 7,532 ($98.42) and gave the company a buy rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on Ferguson from GBX 5,950 ($77.75) to GBX 6,480 ($84.67) and gave the company an overweight rating in a research report on Friday, September 6th. Peel Hunt reissued an add rating on shares of Ferguson in a research report on Monday, November 18th. Liberum Capital reissued a buy rating on shares of Ferguson in a research report on Tuesday, October 1st. Finally, Bank of America lowered Ferguson to an underperform rating and raised their price objective for the company from GBX 5,000 ($65.33) to GBX 5,500 ($71.87) in a research report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 6,135.80 ($80.18).

LON:FERG opened at GBX 6,658 ($87.00) on Friday. The business’s 50-day moving average is GBX 6,640.92 and its two-hundred day moving average is GBX 6,019.64. The company has a debt-to-equity ratio of 54.02, a current ratio of 1.72 and a quick ratio of 1.03. Ferguson has a 12 month low of GBX 4,594 ($60.03) and a 12 month high of GBX 6,914 ($90.34). The firm has a market capitalization of $15.03 billion and a PE ratio of 13.93.

The firm also recently announced a dividend, which was paid on Thursday, November 28th. Stockholders of record on Thursday, October 24th were given a dividend of $1.45 per share. This represents a dividend yield of 1.91%. This is a positive change from Ferguson’s previous dividend of $0.63. The ex-dividend date was Thursday, October 24th. Ferguson’s payout ratio is presently 0.34%.

In other news, insider Kevin Murphy sold 2,523 shares of Ferguson stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of GBX 6,583 ($86.02), for a total transaction of £166,089.09 ($217,024.81).

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 (LON:FERG)

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