Ferguson Plc (FERG) Insider Sells £1,004,460.16 in Stock
Ferguson Plc (LON:FERG) insider Richard Shoylekov sold 18,712 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of GBX 5,368 ($70.60), for a total value of £1,004,460.16 ($1,321,136.60).
Shares of Ferguson Plc (LON:FERG) opened at GBX 5,327.29 ($70.07) on Friday. Ferguson Plc has a twelve month low of GBX 4,425.93 ($58.21) and a twelve month high of GBX 5,425 ($71.35).
The firm also recently announced a dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, October 26th will be issued a GBX 73.33 ($0.96) dividend. This represents a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, October 26th.
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A number of brokerages have recently weighed in on FERG. Liberum Capital reiterated a “buy” rating and set a GBX 5,300 ($69.71) target price on shares of Ferguson Plc in a research note on Friday, September 29th. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 5,600 ($73.66) target price on shares of Ferguson Plc in a research note on Wednesday, August 30th. Berenberg Bank reiterated a “buy” rating and set a GBX 5,800 ($76.29) target price on shares of Ferguson Plc in a research note on Wednesday, October 25th. Barclays PLC reiterated an “overweight” rating and set a GBX 5,600 ($73.66) target price on shares of Ferguson Plc in a research note on Monday, September 25th. Finally, Peel Hunt increased their target price on Ferguson Plc from GBX 5,120 ($67.34) to GBX 5,200 ($68.39) and gave the stock a “hold” rating in a research note on Tuesday, October 3rd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 5,351.11 ($70.38).
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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