Ferguson Plc (NASDAQ:FERGY) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research cut shares of Ferguson Plc (NASDAQ:FERGY) from a buy rating to a hold rating in a report published on Friday, October 6th.

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 assumed coverage on shares of Ferguson Plc in a report on Wednesday, September 13th. They issued an outperform rating for the company.

Ferguson Plc (NASDAQ:FERGY) opened at 6.96 on Friday. Ferguson Plc has a 12 month low of $5.06 and a 12 month high of $7.00. The company’s market capitalization is $17.58 billion. The stock’s 50 day moving average is $6.39 and its 200-day moving average is $6.26.

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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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