Ferguson Plc (LON:FERG) Just Hit With Upgrade From Citigroup. Will Other Analysts Also Upgrade the Stock?

October 13, 2017 - By Winifred Garcia

Ferguson Plc (LON:FERG) Stock Upgrade

Citigroup raised shares of Ferguson Plc (LON:FERG) stock to a solid Buy rating. This recent change was shared with investors in a research report today. The financial company currently has a GBX 5220.00 target on FERG.

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. The firm has “Hold” rating by Deutsche Bank given on Wednesday, October 4. Barclays Capital maintained the stock with “Overweight” rating in Monday, September 25 report. The firm has “Overweight” rating by Barclays Capital given on Tuesday, September 19. The company was maintained on Wednesday, August 30 by JP Morgan. Jefferies maintained it with “Hold” rating and GBX 5240 target in Thursday, October 5 report. The company was maintained on Tuesday, October 3 by Liberum Capital. The stock of Ferguson Plc (LON:FERG) has “Overweight” rating given on Tuesday, October 3 by JP Morgan. Liberum Capital maintained it with “Buy” rating and GBX 5300 target in Friday, September 29 report. Citigroup upgraded Ferguson Plc (LON:FERG) rating on Tuesday, September 19. Citigroup has “Buy” rating and GBX 5220 target. The firm earned “Hold” rating on Tuesday, October 3 by Peel Hunt.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.