JPMorgan Chase & Co. Increases Ferguson (FERG) Price Target to GBX 6,250

Ferguson (LON:FERG) had its price objective increased by JPMorgan Chase & Co. from GBX 5,900 ($82.73) to GBX 6,250 ($87.63) in a research report sent to investors on Tuesday, January 16th. The firm currently has an overweight rating on the stock.

A number of other research firms also recently issued reports on FERG. Liberum Capital lifted their price target on shares of Ferguson from GBX 5,300 ($74.31) to GBX 5,450 ($76.42) and gave the company a buy rating in a research report on Tuesday, November 14th. Credit Suisse Group reissued an outperform rating and set a GBX 6,200 ($86.93) price objective on shares of Ferguson in a research note on Wednesday, January 3rd. Barclays reissued an overweight rating and set a GBX 6,000 ($84.13) price objective on shares of Ferguson in a research note on Monday, December 18th. Berenberg Bank reissued a buy rating and set a GBX 5,800 ($81.32) price objective on shares of Ferguson in a research note on Wednesday, October 25th. Finally, Canaccord Genuity cut shares of Ferguson to a hold rating and raised their price objective for the stock from GBX 5,435 ($76.21) to GBX 5,870 ($82.31) in a research note on Wednesday, December 6th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of GBX 5,681.43 ($79.66).

Shares of Ferguson (FERG) traded down GBX 34 ($0.48) during trading hours on Tuesday, reaching GBX 5,134 ($71.99). 782,557 shares of the company were exchanged, compared to its average volume of 601,123. The firm has a market capitalization of $12,770.00 and a P/E ratio of 1,462.68. Ferguson has a 1 year low of GBX 4,427 ($62.07) and a 1 year high of GBX 5,722 ($80.23).

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About Ferguson

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 (LON:FERG)

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