JPMorgan Chase & Co. Reaffirms “Neutral” Rating for Ferguson (FERG)

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JPMorgan Chase & Co. reissued their neutral rating on shares of Ferguson (LON:FERG) in a research note released on Wednesday. They currently have a GBX 6,350 ($82.97) price target on the stock.

Several other brokerages have also issued reports on FERG. Peel Hunt reaffirmed a hold rating and set a GBX 5,980 ($78.14) price target (up from GBX 5,300 ($69.25)) on shares of Ferguson in a report on Tuesday, October 2nd. Liberum Capital reaffirmed a buy rating and set a GBX 6,518 ($85.17) price target on shares of Ferguson in a report on Tuesday, October 2nd. Canaccord Genuity reaffirmed a hold rating and set a GBX 6,300 ($82.32) price target on shares of Ferguson in a report on Monday, September 3rd. Deutsche Bank lifted their price target on shares of Ferguson from GBX 5,300 ($69.25) to GBX 6,537 ($85.42) and gave the company a hold rating in a report on Monday, September 3rd. Finally, UBS Group reaffirmed a neutral rating on shares of Ferguson in a report on Thursday, October 4th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of GBX 6,407.46 ($83.72).

Shares of Ferguson stock opened at GBX 4,825.50 ($63.05) on Wednesday. Ferguson has a 1 year low of GBX 4,427 ($57.85) and a 1 year high of GBX 5,722 ($74.77).

The firm also recently announced a dividend, which was paid on Wednesday, December 5th. Shareholders of record on Thursday, October 25th were issued a dividend of $1.32 per share. This represents a yield of 1.67%. The ex-dividend date of this dividend was Thursday, October 25th.

In other Ferguson news, insider Kevin Murphy sold 2,488 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of GBX 5,170 ($67.56), for a total transaction of £128,629.60 ($168,077.36). Also, insider John W. Martin bought 10,000 shares of Ferguson stock in a transaction on Wednesday, December 5th. The shares were acquired at an average cost of GBX 4,917 ($64.25) per share, for a total transaction of £491,700 ($642,493.14).

Ferguson Company Profile

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, 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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