Ferguson (LON:FERG) Price Target Raised to GBX 7,000 at JPMorgan Chase & Co.

Ferguson (LON:FERG) had its price objective boosted by JPMorgan Chase & Co. from GBX 6,480 ($84.67) to GBX 7,000 ($91.47) in a report published on Tuesday, ThisIsMoney.Co.Uk reports. The firm currently has an overweight rating on the stock.

Other equities analysts have also issued research reports about the company. Peel Hunt reissued an add rating and issued a GBX 6,560 ($85.72) price objective (up previously from GBX 6,200 ($81.01)) on shares of Ferguson in a research note on Tuesday. Credit Suisse Group restated an underperform rating on shares of Ferguson in a research note on Thursday, October 17th. Deutsche Bank lifted their price target on Ferguson from GBX 6,900 ($90.16) to GBX 7,650 ($99.96) and gave the company a buy rating in a report on Wednesday, November 20th. Jefferies Financial Group lifted their price target on Ferguson from GBX 7,281 ($95.14) to GBX 7,532 ($98.42) and gave the company a buy rating in a report on Monday, November 11th. Finally, UBS Group reiterated a neutral rating on shares of Ferguson in a research report on Friday, November 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Ferguson currently has a consensus rating of Hold and a consensus target price of GBX 6,245.80 ($81.61).

FERG stock opened at GBX 6,474 ($84.59) on Tuesday. The business has a fifty day moving average price of GBX 6,642.44 and a 200 day moving average price of GBX 6,024.45. Ferguson has a fifty-two week low of GBX 4,594 ($60.03) and a fifty-two week high of GBX 6,914 ($90.34). The stock has a market capitalization of $15.09 billion and a price-to-earnings ratio of 13.55. The company has a debt-to-equity ratio of 54.02, a current ratio of 1.72 and a quick ratio of 1.03.

The firm also recently declared a dividend, which was paid on Thursday, November 28th. Stockholders of record on Thursday, October 24th were given a dividend of $1.45 per share. The ex-dividend date was Thursday, October 24th. This represents a dividend yield of 1.91%. This is a positive change from Ferguson’s previous dividend of $0.63. Ferguson’s dividend payout ratio (DPR) is currently 0.34%.

In related news, insider Kevin Murphy sold 2,523 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of GBX 6,583 ($86.02), for a total value of £166,089.09 ($217,024.81).

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.

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