Ferguson plc (LON:FERG) Given Average Rating of “Hold” by Analysts

Ferguson plc (LON:FERG) has earned an average recommendation of “Hold” from the fourteen analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 7,423.54 ($96.99).

FERG has been the subject of several research analyst reports. Berenberg Bank increased their price objective on Ferguson from GBX 7,300 ($95.37) to GBX 7,500 ($97.99) and gave the company a “sell” rating in a report on Tuesday, March 16th. Canaccord Genuity increased their price target on Ferguson from GBX 8,900 ($116.28) to GBX 9,100 ($118.89) and gave the stock a “hold” rating in a report on Wednesday, March 17th.

Shares of FERG stock traded down GBX 42 ($0.55) during trading hours on Thursday, hitting GBX 9,090 ($118.76). The stock had a trading volume of 345,047 shares, compared to its average volume of 416,572. The firm has a market capitalization of £20.35 billion and a PE ratio of 29.79. Ferguson has a twelve month low of GBX 5,428 ($70.92) and a twelve month high of GBX 9,516 ($124.33). The stock’s 50 day moving average is GBX 9,025.04 and its 200 day moving average is GBX 8,698.70. The company has a debt-to-equity ratio of 88.96, a current ratio of 1.87 and a quick ratio of 1.10.

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 11th. Shareholders of record on Thursday, March 25th will be given a $2.53 dividend. This is a boost from Ferguson’s previous dividend of $2.08. The ex-dividend date is Thursday, March 25th. This represents a yield of 2.02%. Ferguson’s dividend payout ratio is presently 0.68%.

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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