Sanford C. Bernstein Begins Coverage on Ferguson Plc (WOS)
Equities researchers at Sanford C. Bernstein assumed coverage on shares of Ferguson Plc (LON:WOS) in a research note issued on Wednesday. The firm set an “outperform” rating on the stock.
Several other equities analysts also recently issued reports on the stock. Royal Bank Of Canada upgraded shares of Ferguson Plc to an “outperform” rating and upped their price objective for the company from GBX 5,000 ($64.57) to GBX 5,200 ($67.16) in a report on Monday, July 31st. Berenberg Bank upped their price objective on shares of Ferguson Plc from GBX 4,200 ($54.24) to GBX 5,700 ($73.61) and gave the company a “buy” rating in a report on Friday, May 19th. Liberum Capital restated a “buy” rating and set a GBX 5,300 ($68.45) price objective on shares of Ferguson Plc in a report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a GBX 5,000 ($64.57) price objective on shares of Ferguson Plc in a report on Monday, July 17th. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a GBX 5,600 ($72.32) price objective on shares of Ferguson Plc in a report on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 5,117.63 ($66.09).
Shares of Ferguson Plc (LON:WOS) traded up 0.60% during mid-day trading on Wednesday, hitting GBX 4527.00. 663,586 shares of the stock were exchanged. Ferguson Plc has a 12 month low of GBX 4,099.00 and a 12 month high of GBX 5,285.00. The stock’s 50 day moving average is GBX 4,584.81 and its 200-day moving average is GBX 4,832.78.
Ferguson Plc 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.
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