Citigroup reissued their buy rating on shares of Ferguson (LON:FERG) in a research note issued to investors on Friday, March 23rd. Citigroup currently has a GBX 6,300 ($90.21) price objective on the stock.
A number of other equities analysts also recently commented on the company. Credit Suisse Group reduced their price objective on Ferguson from GBX 6,500 ($93.07) to GBX 6,280 ($89.92) and set an outperform rating on the stock in a research report on Wednesday, March 21st. Jefferies Group reiterated a hold rating on shares of Ferguson in a research report on Thursday, March 15th. Barclays reiterated an overweight rating and set a GBX 6,000 ($85.91) price objective on shares of Ferguson in a research report on Monday, March 5th. Deutsche Bank lifted their target price on Ferguson from GBX 4,700 ($67.30) to GBX 5,300 ($75.89) and gave the company a hold rating in a research report on Friday, February 16th. Finally, Peel Hunt lifted their target price on Ferguson from GBX 5,220 ($74.74) to GBX 5,360 ($76.75) and gave the company a hold rating in a research report on Tuesday, January 23rd. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Ferguson currently has a consensus rating of Buy and an average target price of GBX 5,876.07 ($84.14).
Shares of LON FERG traded up GBX 100 ($1.43) during midday trading on Friday, hitting GBX 5,376 ($76.98). The stock had a trading volume of 752,750 shares, compared to its average volume of 656,008. Ferguson has a 1 year low of GBX 4,427 ($63.39) and a 1 year high of GBX 5,722 ($81.93).
The business also recently announced a dividend, which will be paid on Friday, June 29th. Investors of record on Monday, June 11th will be paid a dividend of $4.00 per share. This is a boost from Ferguson’s previous dividend of $0.57. The ex-dividend date is Monday, June 11th.
In related news, insider Mike Powell sold 6,616 shares of the business’s stock in a transaction 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).
ILLEGAL ACTIVITY NOTICE: This report was originally reported by Macon Daily and is owned by of Macon Daily. If you are accessing this report on another site, it was stolen and republished in violation of United States & international copyright & trademark law. The original version of this report can be viewed at https://macondaily.com/2018/04/17/fergusons-ferg-buy-rating-reiterated-at-citigroup-updated-updated-updated.html.
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.
Receive News & Ratings for Ferguson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferguson and related companies with MarketBeat.com's FREE daily email newsletter.