Ferguson (FERG) Sets New 12-Month High at $5,582.90
Ferguson plc (LON:FERG) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 5,582.90 ($75.14) and last traded at GBX 5,271.29 ($70.95), with a volume of 945977 shares trading hands. The stock had previously closed at GBX 5,271.29 ($70.95).
A number of research firms have commented on FERG. Liberum Capital reiterated a “buy” rating and issued a GBX 5,450 ($73.35) price target on shares of Ferguson in a research report on Tuesday, December 5th. J P Morgan Chase & Co upped their price target on Ferguson from GBX 5,600 ($75.37) to GBX 5,675 ($76.38) and gave the company an “overweight” rating in a research report on Monday, December 4th. Canaccord Genuity lowered Ferguson to a “hold” rating and upped their price target for the company from GBX 5,435 ($73.15) to GBX 5,870 ($79.00) in a research report on Wednesday, December 6th. Deutsche Bank reiterated a “hold” rating and issued a GBX 4,700 ($63.26) price target on shares of Ferguson in a research report on Wednesday, December 6th. Finally, Peel Hunt upped their price target on Ferguson from GBX 5,200 ($69.99) to GBX 5,220 ($70.26) and gave the company a “hold” rating in a research report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 5,368.13 ($72.25).
The company also recently declared a dividend, which was paid on Friday, December 1st. Investors of record on Thursday, October 26th were paid a dividend of GBX 73.33 ($0.99) per share. This represents a yield of 1.41%. The ex-dividend date of this dividend was Thursday, October 26th.
In related news, insider Richard Shoylekov sold 18,712 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of GBX 5,368 ($72.25), for a total transaction of £1,004,460.16 ($1,351,897.93).
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Ferguson 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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