Ferguson (OTCMKTS:FERGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.
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. “
Other analysts have also recently issued reports about the company. Numis Securities raised Ferguson from a “hold” rating to an “add” rating in a research report on Tuesday, January 16th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Ferguson in a research report on Wednesday, January 17th. Finally, ValuEngine raised Ferguson from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $9.00.
Ferguson 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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