Deutsche Bank Reiterates “Buy” Rating for Ferguson (LON:FERG)

Ferguson (LON:FERG)‘s stock had its “buy” rating reissued by investment analysts at Deutsche Bank in a research note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 6,900 ($90.16) price target on the stock. Deutsche Bank’s price target suggests a potential upside of 8.32% from the stock’s current price.

Several other brokerages have also recently commented on FERG. Barclays reaffirmed an “overweight” rating on shares of Ferguson in a research report on Wednesday, September 4th. Liberum Capital reaffirmed a “buy” rating on shares of Ferguson in a research report on Tuesday. Peel Hunt reaffirmed an “add” rating and issued a GBX 5,430 ($70.95) target price on shares of Ferguson in a research report on Tuesday. UBS Group reaffirmed a “neutral” rating and issued a GBX 6,500 ($84.93) target price on shares of Ferguson in a research report on Friday, September 27th. Finally, Jefferies Financial Group raised their target price on Ferguson from GBX 6,127 ($80.06) to GBX 6,702 ($87.57) and gave the stock a “buy” rating in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. Ferguson currently has an average rating of “Hold” and a consensus target price of GBX 6,009.81 ($78.53).

Shares of Ferguson stock traded up GBX 92 ($1.20) during midday trading on Wednesday, hitting GBX 6,370 ($83.24). The company’s stock had a trading volume of 699,908 shares, compared to its average volume of 656,008. The firm has a market capitalization of $14.52 billion and a P/E ratio of 10.56. The stock has a 50-day simple moving average of GBX 6,033.52 and a 200-day simple moving average of GBX 5,632.80. The company has a quick ratio of 1.02, a current ratio of 1.84 and a debt-to-equity ratio of 60.47. Ferguson has a 1-year low of GBX 4,594 ($60.03) and a 1-year high of GBX 6,601 ($86.25).

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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Analyst Recommendations for Ferguson (LON:FERG)

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