Ferguson (FERG) Reaches New 12-Month Low at $4,917.00

Ferguson Plc (LON:FERG)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as GBX 4,917 ($64.25) and last traded at GBX 4,990.50 ($65.21), with a volume of 1053664 shares. The stock had previously closed at GBX 5,184 ($67.74).

Several research firms recently commented on FERG. Peel Hunt reissued a “hold” rating and set a GBX 5,980 ($78.14) price target (up from GBX 5,300 ($69.25)) on shares of Ferguson in a research report on Tuesday, October 2nd. Liberum Capital reissued a “buy” rating and set a GBX 6,518 ($85.17) price target on shares of Ferguson in a research report on Tuesday, October 2nd. Canaccord Genuity reissued a “hold” rating and set a GBX 6,300 ($82.32) price target on shares of Ferguson in a research report on Monday, September 3rd. Deutsche Bank boosted their price target on Ferguson from GBX 5,300 ($69.25) to GBX 6,537 ($85.42) and gave the stock a “hold” rating in a research report on Monday, September 3rd. Finally, UBS Group reissued a “neutral” rating on shares of Ferguson in a research report on Thursday, October 4th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 6,412.25 ($83.79).

The firm also recently disclosed a dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Thursday, October 25th will be issued a dividend of $1.32 per share. The ex-dividend date is Thursday, October 25th. This represents a yield of 1.67%.



About Ferguson (LON:FERG)

Ferguson plc distributes plumbing and heating products in the United States, the United Kingdom, Canada, and Central Europe. It offers plumbing and heating solutions to customers in the residential, municipal, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.

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