Today Canaccord Genuity Maintains a Hold Rating on Ferguson (LON:FERG) and a GBX 6300.00 Target Price

October 2, 2018 - By whatsonthorold

Ferguson (LON:FERG) Rating Reaffirmed

In a research note issued this morning, Canaccord Genuity maintained their Hold rating on Ferguson (LON:FERG) shares. The price target gives a possible upside of 2.77 % from company’s last close price.

Ferguson plc (LON:FERG) Ratings Coverage

Among 7 analysts covering Ferguson Plc (LON:FERG), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Ferguson Plc has GBX 6650 highest and GBX 5300 lowest target. GBX 6250.71’s average target is 2.17% above currents GBX 6118 stock price. Ferguson Plc had 14 analyst reports since April 18, 2018 according to SRatingsIntel. Canaccord Genuity maintained Ferguson plc (LON:FERG) rating on Tuesday, June 19. Canaccord Genuity has “Hold” rating and GBX 6080 target. The rating was maintained by Numis Securities with “Add” on Wednesday, April 18. The stock of Ferguson plc (LON:FERG) has “Buy” rating given on Thursday, May 31 by Liberum Capital. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, June 20 report. The rating was maintained by Numis Securities with “Add” on Wednesday, June 20. Peel Hunt maintained the stock with “Hold” rating in Tuesday, October 2 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, June 20. The stock of Ferguson plc (LON:FERG) has “Buy” rating given on Thursday, June 14 by Citigroup. The rating was maintained by Peel Hunt on Tuesday, June 19 with “Hold”. The stock of Ferguson plc (LON:FERG) earned “Buy” rating by Liberum Capital on Tuesday, June 19.

The stock decreased 6.29% or GBX 411 during the last trading session, reaching GBX 6118. About 874,221 shares traded or 52.60% up from the average. Ferguson plc (LON:FERG) has 0.00% since October 2, 2017 and is . It has underperformed by 15.62% the S&P500.

Ferguson plc distributes plumbing and heating products, and building materials in the United States, Canada, the United Kingdom, the Nordic, and Central Europe. The company has market cap of 15.32 billion GBP. It offers plumbing supplies to the residential, commercial, municipal, and industrial sectors for new construction, as well as for repair, maintenance, and improvement projects; and bathroom, kitchen, and lighting products. It has a 11.28 P/E ratio. The firm also distributes pipes, valves, fittings, hydrants, meters, and related water management products, as well as offers related services, such as water line tapping and pipe fusion for governments and municipal contractors, water treatment plant contractors, and waterworks contractors on residential, commercial, and municipal projects across the water, sanitary sewer, and storm water management markets.

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