Ferguson (FERG) Price Target Cut to GBX 6,750

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Ferguson (LON:FERG) had its price objective cut by research analysts at Societe Generale from GBX 7,200 ($94.08) to GBX 6,750 ($88.20) in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Societe Generale’s price target would suggest a potential upside of 41.32% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Peel Hunt boosted their target price on Ferguson from GBX 5,300 ($69.25) to GBX 5,980 ($78.14) and gave the company a “hold” rating in a research note on Tuesday. Canaccord Genuity raised Ferguson to a “buy” rating and lowered their target price for the company from GBX 6,400 ($83.63) to GBX 5,800 ($75.79) in a research note on Thursday, November 22nd. Barclays reaffirmed an “overweight” rating and set a GBX 6,700 ($87.55) price target on shares of Ferguson in a research report on Monday, November 19th. Liberum Capital lowered their price target on Ferguson from GBX 6,518 ($85.17) to GBX 6,500 ($84.93) and set a “buy” rating for the company in a research report on Thursday, October 11th. Finally, Berenberg Bank upped their price target on Ferguson from GBX 6,900 ($90.16) to GBX 7,000 ($91.47) and gave the company a “buy” rating in a research report on Monday, October 8th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Ferguson presently has an average rating of “Buy” and an average target price of GBX 6,407.46 ($83.72).

LON FERG opened at GBX 4,776.50 ($62.41) 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).

In other Ferguson news, insider Kevin Murphy sold 2,488 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was 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 purchased 10,000 shares of the stock in a transaction on Wednesday, December 5th. The shares were acquired at an average cost of GBX 4,917 ($64.25) per share, with a total value 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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