Ferguson (FERGY) Raised to Add at Numis Securities

Ferguson (OTCMKTS:FERGY) was upgraded by Numis Securities from a “hold” rating to an “add” rating in a report released on Tuesday, January 16th, Marketbeat.com reports.

A number of other analysts have also commented on FERGY. Zacks Investment Research raised Ferguson from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a research report on Wednesday, October 4th. ValuEngine raised Ferguson from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $9.00.

Shares of Ferguson (FERGY) traded up $0.04 during trading on Tuesday, reaching $7.17. The company had a trading volume of 2,600,000 shares, compared to its average volume of 653,667. Ferguson has a twelve month low of $5.80 and a twelve month high of $7.98. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.74 and a quick ratio of 1.30.

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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.

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