JPMorgan Chase & Co. restated their neutral rating on shares of Ferguson (LON:FERG) in a research report sent to investors on Friday, Digital Look reports. JPMorgan Chase & Co. currently has a £147 ($199.54) target price on the stock.
Several other research analysts have also recently issued reports on the stock. Barclays raised their target price on shares of Ferguson from £115 ($156.10) to £130 ($176.46) and gave the stock an overweight rating in a report on Wednesday, December 8th. Liberum Capital reaffirmed a hold rating on shares of Ferguson in a report on Monday, December 6th. UBS Group lifted their price objective on shares of Ferguson from 12,250.00 to 15,500.00 and gave the company a buy rating in a report on Friday, December 10th. Peel Hunt reaffirmed a hold rating and issued a £100.80 ($136.83) price objective on shares of Ferguson in a report on Tuesday, December 7th. Finally, Morgan Stanley lifted their price objective on shares of Ferguson from £110.70 ($150.26) to £127.50 ($173.07) and gave the company an equal weight rating in a report on Wednesday, December 15th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of £129.93 ($176.36).
Shares of Ferguson stock opened at £124.55 ($169.06) on Friday. The company has a debt-to-equity ratio of 59.47, a current ratio of 1.51 and a quick ratio of 0.82. The firm has a fifty day moving average price of £123.33 and a 200 day moving average price of £110.35. Ferguson has a 1 year low of GBX 8,344 ($113.26) and a 1 year high of £136.40 ($185.15). The stock has a market cap of £27.47 billion and a PE ratio of 21.80.
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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