Citigroup Inc. upgraded shares of Ferguson Plc (LON:FERG) to a buy rating in a research note issued to investors on Tuesday. The brokerage currently has GBX 5,220 ($70.38) price target on the stock.

Separately, J P Morgan Chase & Co restated an overweight rating and set a GBX 5,600 ($75.50) price target on shares of Ferguson Plc in a research report on Wednesday, August 30th.

Ferguson Plc (LON:FERG) opened at 4742.00 on Tuesday. The firm’s market capitalization is GBX 12.01 billion. Ferguson Plc has a one year low of GBX 4,099.00 and a one year high of GBX 5,285.00.

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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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