Ferguson (OTCMKTS:FERGY) was downgraded by analysts at Berenberg Bank from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, The Fly reports.
Several other analysts have also commented on FERGY. Barclays reissued an “overweight” rating on shares of Ferguson in a report on Wednesday, December 9th. Zacks Investment Research lowered Ferguson from a “buy” rating to a “hold” rating in a report on Tuesday. UBS Group reissued a “buy” rating on shares of Ferguson in a report on Wednesday, December 9th. Bank of America raised Ferguson from a “neutral” rating to a “buy” rating in a report on Tuesday, November 24th. Finally, ValuEngine lowered Ferguson from a “hold” rating to a “sell” rating in a report on Tuesday, December 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Ferguson presently has an average rating of “Hold” and an average target price of $15.00.
Ferguson stock opened at $12.75 on Thursday. The firm has a market cap of $28.69 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 1.57 and a beta of 1.38. Ferguson has a 52 week low of $4.55 and a 52 week high of $13.00. The business’s 50-day moving average price is $11.85 and its 200 day moving average price is $10.17. The company has a quick ratio of 1.09, a current ratio of 1.70 and a debt-to-equity ratio of 0.60.
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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