Zacks Investment Research Downgrades Ferguson (OTCMKTS:FERGY) to Sell

Zacks Investment Research cut shares of Ferguson (OTCMKTS:FERGY) from a hold rating to a sell rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “Ferguson plc is a distributor of plumbing and heating products to professional contractors and consumers primarily in the USA, UK, Nordics, Canada and Central Europe. Ferguson plc, formerly known as Wolseley plc, is headquartered in Zug, Switzerland. “

FERGY has been the subject of a number of other reports. Citigroup cut shares of Ferguson from a buy rating to a neutral rating in a research report on Monday, August 12th. SunTrust Banks assumed coverage on shares of Ferguson in a research report on Tuesday, July 16th. They set a buy rating for the company. Canaccord Genuity cut shares of Ferguson from a buy rating to a hold rating in a research report on Wednesday, July 3rd. Berenberg Bank cut shares of Ferguson from a buy rating to a hold rating in a research report on Friday, June 14th. Finally, Bank of America cut shares of Ferguson from a neutral rating to an underperform rating in a research report on Tuesday, August 27th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $7.75.



FERGY stock opened at $7.37 on Tuesday. The company has a 50 day simple moving average of $7.38 and a 200 day simple moving average of $7.06. The stock has a market cap of $17.05 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 1.39 and a beta of 1.09. Ferguson has a 1 year low of $5.95 and a 1 year high of $8.67.

About Ferguson

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, civil and industrial markets, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.

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