Is Ferguson Plc (LON:FERG) Worth Your Time and Dime Following a Citigroup Upgrade?

October 13, 2017 - By Michael Collier

Ferguson Plc (LON:FERG) Stock Upgrade

Ferguson Plc (LON:FERG) was just upgraded by Citigroup to a respectable Buy rating in an analyst report revealed to investors on Tuesday morning. The firm now has a GBX 5220.00 price target on the shares. This target is 9.70 % from FERG’s current share price.

Ferguson Plc (LON:FERG) Ratings Coverage

Among 7 analysts covering Ferguson (LON:FERG), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Ferguson has GBX 5600 highest and GBX 4700 lowest target. GBX 5265.71’s average target is 0.39% above currents GBX 5245.13 stock price. Ferguson had 10 analyst reports since August 30, 2017 according to SRatingsIntel. JP Morgan maintained Ferguson Plc (LON:FERG) on Wednesday, August 30 with “Overweight” rating. JP Morgan maintained Ferguson Plc (LON:FERG) rating on Tuesday, October 3. JP Morgan has “Overweight” rating and GBX 5600 target. The firm has “Buy” rating given on Friday, September 29 by Liberum Capital. The firm has “Buy” rating given on Tuesday, October 3 by Liberum Capital. The rating was maintained by Barclays Capital on Tuesday, September 19 with “Overweight”. The rating was upgraded by Citigroup on Tuesday, September 19 to “Buy”. As per Wednesday, October 4, the company rating was maintained by Deutsche Bank. The stock of Ferguson Plc (LON:FERG) has “Hold” rating given on Thursday, October 5 by Jefferies. Barclays Capital maintained the stock with “Overweight” rating in Monday, September 25 report. On Tuesday, October 3 the stock rating was maintained by Peel Hunt with “Hold”.

The stock increased 0.00% or GBX 0.13 on October 13, reaching GBX 5245.13. About 594,914 shares traded. Ferguson Plc (LON:FERG) has 0.00% since October 13, 2016 and is . It has underperformed by 16.70% the S&P500.

Ferguson Plc, formerly Wolseley plc, is a Switzerland holding company. The company has market cap of 13.26 billion GBP. The Firm is engaged in the distribution of plumbing and heating products and building materials. It has a 14.96 P/E ratio. The Company’s divisions include USA, UK, Nordics, and Canada and Central Europe.

Another recent and important Ferguson Plc (LON:FERG) news was published by Pionline.com which published an article titled: “Wolseley Group pension plan enters into buy-in with PIC” on October 09, 2017.

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