Ferguson Plc (LON:FERG) May Have Just Reached An Inflection Point; Citigroup Upgrades Shares

October 13, 2017 - By Winifred Garcia

Ferguson Plc (LON:FERG) Stock Upgrade

Trading for shares of Ferguson Plc (LON:FERG) will be watched closely today, as Citigroup raised the stock to a solid rating of a Buy. In addition to their ratings upgrade, Citigroup set a TP of GBX 5220.00 which was 9.70 % higher.

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 “Overweight” rating by Barclays Capital given on Monday, September 25. The stock of Ferguson Plc (LON:FERG) has “Buy” rating given on Tuesday, September 19 by Citigroup. The firm has “Overweight” rating given on Wednesday, August 30 by JP Morgan. Liberum Capital maintained the stock with “Buy” rating in Tuesday, October 3 report. The firm has “Hold” rating given on Wednesday, October 4 by Deutsche Bank. The firm has “Overweight” rating given on Tuesday, September 19 by Barclays Capital. JP Morgan maintained it with “Overweight” rating and GBX 5600 target in Tuesday, October 3 report. The firm has “Buy” rating by Liberum Capital given on Friday, September 29. The rating was maintained by Peel Hunt on Tuesday, October 3 with “Hold”. The firm has “Hold” rating given on Thursday, October 5 by Jefferies.

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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