Ferguson’s (FERG) Underperform Rating Reaffirmed at Credit Suisse Group

Ferguson (LON:FERG)‘s stock had its “underperform” rating reiterated by Credit Suisse Group in a research note issued on Thursday, ThisIsMoney.Co.Uk reports.

Other analysts have also issued reports about the company. Barclays reissued an “overweight” rating on shares of Ferguson in a report on Wednesday, September 4th. Peel Hunt reissued an “add” rating and set a GBX 5,430 ($70.95) price objective on shares of Ferguson in a report on Tuesday, October 1st. UBS Group reissued a “neutral” rating and set a GBX 6,600 ($86.24) price objective (up from GBX 6,500 ($84.93)) on shares of Ferguson in a report on Thursday, October 3rd. Canaccord Genuity reissued a “hold” rating and set a GBX 6,125 ($80.03) price objective on shares of Ferguson in a report on Tuesday, October 1st. Finally, Deutsche Bank reissued a “buy” rating and set a GBX 6,900 ($90.16) price objective on shares of Ferguson in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 5,977.13 ($78.10).

Shares of Ferguson stock opened at GBX 6,434 ($84.07) on Thursday. Ferguson has a one year low of GBX 4,594 ($60.03) and a one year high of GBX 6,516 ($85.14). The firm has a market capitalization of $14.64 billion and a price-to-earnings ratio of 13.47. The business has a 50-day simple moving average of GBX 6,150 and a 200 day simple moving average of GBX 5,714.16. The company has a debt-to-equity ratio of 54.02, a current ratio of 1.72 and a quick ratio of 1.04.

About Ferguson

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, civil and industrial markets, 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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