Several other equities research analysts have also recently weighed in on FERG. Liberum Capital reissued a buy rating on shares of Ferguson in a research report on Tuesday, June 19th. Peel Hunt dropped their target price on shares of Ferguson from GBX 5,360 ($71.36) to GBX 5,300 ($70.56) and set a hold rating for the company in a research report on Tuesday, June 19th. Canaccord Genuity reaffirmed a hold rating and issued a GBX 6,080 ($80.95) target price on shares of Ferguson in a research report on Tuesday, June 19th. Citigroup raised their target price on shares of Ferguson from GBX 6,300 ($83.88) to GBX 6,650 ($88.54) and gave the stock a buy rating in a research report on Thursday, June 14th. Finally, Numis Securities reaffirmed an add rating and issued a GBX 6,150 ($81.88) target price on shares of Ferguson in a research report on Wednesday, April 18th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of GBX 5,951.79 ($79.24).
Shares of FERG opened at GBX 6,077 ($80.91) on Wednesday. Ferguson has a twelve month low of GBX 4,427 ($58.94) and a twelve month high of GBX 5,722 ($76.18).
The firm also recently declared a dividend, which will be paid on Friday, June 29th. Investors of record on Monday, June 11th will be paid a $4.00 dividend. This represents a dividend yield of 5.21%. This is a positive change 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 stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of GBX 5,378 ($71.60), for a total value of £355,808.48 ($473,716.52). Also, insider John W. Martin purchased 5,523 shares of the firm’s stock in a transaction that occurred on Wednesday, April 18th. The stock was acquired at an average price of GBX 5,418 ($72.13) per share, with a total value of £299,236.14 ($398,397.20).
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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