Wolseley PLC (FERGY) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Wolseley PLC (OTCMKTS:FERGY) from a hold rating to a sell rating in a research note issued to investors on Friday, November 3rd.

According to Zacks, “Ferguson plc is a distributor of plumbing and heating products to professional contractors and consumers primarily in the USA, UK, Nordics, Canada and Central Europe. Ferguson plc, formerly known as Wolseley plc, is headquartered in Zug, Switzerland. “

Separately, Sanford C. Bernstein initiated coverage on Wolseley PLC in a research report on Wednesday, September 13th. They issued an outperform rating for the company.

Shares of Wolseley PLC (OTCMKTS FERGY) traded up $0.03 during mid-day trading on Friday, hitting $7.08. The stock had a trading volume of 125,008 shares, compared to its average volume of 107,311. Wolseley PLC has a one year low of $5.65 and a one year high of $7.15.

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About Wolseley PLC

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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