Ferguson (LON:FERG) Receives Neutral Rating from UBS Group
UBS Group reissued their neutral rating on shares of Ferguson (LON:FERG) in a research note published on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other analysts have also recently commented on FERG. Barclays reiterated an overweight rating on shares of Ferguson in a research report on Monday, March 11th. Liberum Capital reiterated a buy rating on shares of Ferguson in a research report on Tuesday, March 26th. Peel Hunt raised Ferguson to an add rating and cut their price target for the company from GBX 5,980 ($78.14) to GBX 5,430 ($70.95) in a report on Tuesday, March 26th. Citigroup cut their price target on Ferguson from GBX 6,650 ($86.89) to GBX 6,200 ($81.01) and set a buy rating for the company in a report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. raised Ferguson to an overweight rating and cut their price target for the company from GBX 6,350 ($82.97) to GBX 5,950 ($77.75) in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of GBX 5,859.57 ($76.57).
Ferguson stock opened at GBX 5,566 ($72.73) on Tuesday. The firm has a market cap of $12.92 billion and a P/E ratio of 9.22. The company has a debt-to-equity ratio of 60.47, a current ratio of 1.84 and a quick ratio of 1.02. Ferguson has a one year low of GBX 4,594 ($60.03) and a one year high of GBX 6,601 ($86.25).
Ferguson plc distributes plumbing and heating products in the United States, the United Kingdom, Canada, and Central Europe. It offers plumbing and heating solutions to customers in the residential, municipal, civil and industrial markets, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.
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