Ferguson (FERG) Earns “Buy” Rating from ICAP

Ferguson (LON:FERG)‘s stock had its “buy” rating reaffirmed by investment analysts at ICAP in a research report issued on Friday, March 23rd. They currently have a GBX 6,300 ($90.21) price objective on the stock. ICAP’s target price indicates a potential upside of 17.19% from the stock’s previous close.

A number of other brokerages also recently issued reports on FERG. JPMorgan Chase boosted their price objective on Ferguson from GBX 5,675 ($81.26) to GBX 5,900 ($84.48) and gave the company an “overweight” rating in a research note on Thursday, December 14th. Deutsche Bank boosted their price objective on Ferguson from GBX 4,700 ($67.30) to GBX 5,300 ($75.89) and gave the company a “hold” rating in a research note on Friday, February 16th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 6,200 ($88.77) price objective on shares of Ferguson in a research note on Wednesday, January 3rd. Barclays reiterated an “overweight” rating and set a GBX 6,000 ($85.91) price objective on shares of Ferguson in a research note on Monday, December 18th. Finally, Liberum Capital boosted their price objective on Ferguson from GBX 5,450 ($78.04) to GBX 5,800 ($83.05) and gave the company a “buy” rating in a research note on Monday, January 15th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of GBX 5,876.07 ($84.14).

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Shares of Ferguson stock traded up GBX 100 ($1.43) during trading hours on Friday, reaching GBX 5,376 ($76.98). 752,750 shares of the stock traded hands, compared to its average volume of 656,008. Ferguson has a one year low of GBX 4,427 ($63.39) and a one year high of GBX 5,722 ($81.93).

In other news, insider Mike Powell sold 6,616 shares of the company’s stock in a transaction that occurred on Wednesday, March 28th. The stock was sold at an average price of GBX 5,378 ($77.00), for a total transaction of £355,808.48 ($509,462.31).

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Ferguson Company Profile

Ferguson Plc, formerly Wolseley plc, is a Switzerland-based holding company. The Company is engaged in the distribution of plumbing and heating products and building materials. The Company’s segments include USA, UK, Nordics, and Canada and Central Europe. The Company operates seven business units in the United States, six of these mainly operate in the business to business (B2B) market with one operating in the business to consumer (B2C) market.

Analyst Recommendations for Ferguson (LON:FERG)

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