Ferguson Plc (LON:FERG) had its price objective boosted by Liberum Capital from GBX 5,300 ($69.71) to GBX 5,450 ($71.68) in a report published on Tuesday. The brokerage currently has a buy rating on the stock.
FERG has been the subject of a number of other research reports. The Goldman Sachs Group, Inc. reaffirmed a neutral rating and set a GBX 5,000 ($65.76) price target on shares of Ferguson Plc in a research report on Monday, July 17th. J P Morgan Chase & Co reaffirmed an overweight rating and set a GBX 5,600 ($73.66) price target on shares of Ferguson Plc in a research report on Wednesday, August 30th. Berenberg Bank reaffirmed a buy rating and set a GBX 5,800 ($76.29) price target on shares of Ferguson Plc in a research report on Wednesday, October 25th. Peel Hunt upped their price target on Ferguson Plc from GBX 5,120 ($67.34) to GBX 5,200 ($68.39) and gave the company a hold rating in a research report on Tuesday, October 3rd. Finally, Barclays PLC reiterated an overweight rating and set a GBX 5,600 ($73.66) target price on shares of Ferguson Plc in a report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 5,251.57 ($69.07).
Ferguson Plc (FERG) opened at GBX 5,265.52 ($69.26) on Tuesday. Ferguson Plc has a 52-week low of GBX 4,427 ($58.23) and a 52-week high of GBX 5,425 ($71.35).
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The business also recently declared a dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, October 26th will be paid a GBX 73.33 ($0.96) dividend. The ex-dividend date of this dividend is Thursday, October 26th. This represents a dividend yield of 1.41%.
In related news, insider Richard Shoylekov sold 18,712 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of GBX 5,368 ($70.60), for a total value of £1,004,460.16 ($1,321,136.60).
Ferguson Plc Company Profile
Ferguson Plc, formerly Wolseley plc, is a Switzerland-based holding company. The Company is engaged in the distribution of plumbing and heating products and building materials. The Company’s segments include USA, UK, Nordics, and Canada and Central Europe. The Company operates seven business units in the United States, six of these mainly operate in the business to business (B2B) market with one operating in the business to consumer (B2C) market.
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