Berenberg Bank Lowers Ferguson (OTCMKTS:FERGY) to Hold

Berenberg Bank lowered shares of Ferguson (OTCMKTS:FERGY) from a buy rating to a hold rating in a research note issued to investors on Friday morning, The Fly reports.

A number of other equities analysts also recently commented on FERGY. Credit Suisse Group downgraded shares of Ferguson from a neutral rating to an underperform rating in a research note on Friday, May 17th. Zacks Investment Research downgraded shares of Ferguson from a hold rating to a sell rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. upgraded shares of Ferguson from a neutral rating to an overweight rating in a research report on Wednesday, March 27th. ValuEngine raised shares of Ferguson from a sell rating to a hold rating in a research note on Wednesday, May 1st. Finally, Stifel Nicolaus reissued a hold rating on shares of Ferguson in a research note on Tuesday, May 7th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Ferguson presently has an average rating of Hold and an average price target of $7.75.

OTCMKTS FERGY opened at $6.95 on Friday. Ferguson has a 12-month low of $5.95 and a 12-month high of $8.67. The firm has a market capitalization of $16.11 billion, a price-to-earnings ratio of 15.80, a P/E/G ratio of 1.23 and a beta of 1.05.

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.

Recommended Story: NASDAQ Stock Market Explained

The Fly

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.