Sanford C. Bernstein Initiates Coverage on Ferguson Plc (FERGY)
Equities research analysts at Sanford C. Bernstein initiated coverage on shares of Ferguson Plc (NASDAQ:FERGY) in a research report issued on Wednesday. The firm set an “outperform” rating on the stock.
Separately, Zacks Investment Research cut shares of Ferguson Plc from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th.
Ferguson Plc (NASDAQ FERGY) opened at 6.26 on Wednesday. Ferguson Plc has a 52 week low of $5.06 and a 52 week high of $6.64. The company’s market cap is $15.85 billion. The firm’s 50 day moving average is $6.03 and its 200-day moving average is $6.20.
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About Ferguson Plc
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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