Ferguson (OTCMKTS:FERGY) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Ferguson (OTCMKTS:FERGY) from a sell rating to a hold rating in a report published on Monday, Zacks.com reports.

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. “

Several other analysts also recently weighed in on the company. Berenberg Bank downgraded Ferguson from a buy rating to a hold rating in a research note on Friday, June 14th. Credit Suisse Group downgraded Ferguson from a neutral rating to an underperform rating in a research note on Friday, May 17th. Stifel Nicolaus restated a hold rating on shares of Ferguson in a research note on Tuesday, May 7th. ValuEngine upgraded Ferguson from a sell rating to a hold rating in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. upgraded Ferguson from a neutral rating to an overweight rating in a research note on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $7.75.

Ferguson stock opened at $7.07 on Monday. The stock has a market cap of $16.41 billion, a P/E ratio of 16.07, a P/E/G ratio of 1.26 and a beta of 1.05. The stock has a 50 day moving average of $6.81. Ferguson has a twelve month low of $5.95 and a twelve month high of $8.67.

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, civil and industrial markets, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.

Read More: Resistance Level

Get a free copy of the Zacks research report on Ferguson (FERGY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Ferguson (OTCMKTS:FERGY)

Receive News & Ratings for Ferguson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferguson and related companies with MarketBeat.com's FREE daily email newsletter.