Liberum Capital Increases Ferguson Plc (FERG) Price Target to GBX 5,450

Ferguson Plc (LON:FERG) had its target price increased by research analysts at Liberum Capital from GBX 5,300 ($69.71) to GBX 5,450 ($71.68) in a note issued to investors on Tuesday. The firm presently has a “buy” rating on the stock. Liberum Capital’s price target would indicate a potential upside of 3.81% from the company’s current price.

Several other equities analysts have also commented on the company. Citigroup Inc. raised Ferguson Plc to a “buy” rating and set a GBX 5,220 ($68.66) price target on the stock in a research report on Tuesday, September 19th. Berenberg Bank reissued a “buy” rating and set a GBX 5,800 ($76.29) price target on shares of Ferguson Plc in a research report on Wednesday, October 25th. Jefferies Group LLC boosted their price target on Ferguson Plc from GBX 5,170 ($68.00) to GBX 5,240 ($68.92) and gave the stock a “hold” rating in a research report on Thursday, October 5th. Deutsche Bank AG reissued a “hold” rating and set a GBX 4,700 ($61.82) price target on shares of Ferguson Plc in a research report on Wednesday, October 4th. Finally, Peel Hunt boosted their price target on Ferguson Plc from GBX 5,120 ($67.34) to GBX 5,200 ($68.39) and gave the stock a “hold” rating in a research report on Tuesday, October 3rd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of GBX 5,367.78 ($70.60).

Ferguson Plc (FERG) opened at GBX 5,250 ($69.05) on Tuesday. Ferguson Plc has a 52 week low of GBX 4,425.93 ($58.21) and a 52 week high of GBX 5,425 ($71.35).

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In other Ferguson Plc 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 ($70.60), for a total value of £1,004,460.16 ($1,321,136.60).

About Ferguson Plc

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.

Analyst Recommendations for Ferguson Plc (LON:FERG)

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