Ferguson (LON:FERG) Lowered to Add at Numis Securities

Ferguson (LON:FERG) was downgraded by research analysts at Numis Securities to an “add” rating in a report released on Wednesday, March 27th, Digital Look reports. They currently have a GBX 5,400 ($70.56) price objective on the stock.

A number of other research analysts have also weighed in on the company. Barclays restated an “overweight” rating on shares of Ferguson in a report on Monday, March 11th. Liberum Capital reiterated a “buy” rating on shares of Ferguson in a report on Monday, January 14th. Berenberg Bank lowered their price target on Ferguson from GBX 7,000 ($91.47) to GBX 6,500 ($84.93) and set a “buy” rating for the company in a report on Monday, January 28th. Peel Hunt increased their price target on Ferguson from GBX 5,300 ($69.25) to GBX 5,980 ($78.14) and gave the company a “hold” rating in a report on Tuesday, December 4th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a GBX 5,800 ($75.79) price target on shares of Ferguson in a report on Tuesday, January 8th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 5,951.42 ($77.77).

Shares of Ferguson stock traded down GBX 2 ($0.03) during trading hours on Wednesday, reaching GBX 5,400 ($70.56). 556,218 shares of the company’s stock were exchanged, compared to its average volume of 656,008. Ferguson has a 52-week low of GBX 4,594 ($60.03) and a 52-week high of GBX 6,601 ($86.25). The firm has a market cap of $12.45 billion and a PE ratio of 8.95. The company has a quick ratio of 1.02, a current ratio of 1.84 and a debt-to-equity ratio of 60.47.

In other news, insider John W. Martin sold 14,560 shares of the stock in a transaction dated Monday, January 21st. The shares were sold at an average price of GBX 5,337 ($69.74), for a total transaction of £777,067.20 ($1,015,375.93).

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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