Ferguson (OTCMKTS:FERGY) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Ferguson (OTCMKTS:FERGY) from a sell rating to a hold rating in a research note released on Wednesday, 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. “

FERGY has been the subject of a number of other reports. Credit Suisse Group downgraded Ferguson from a neutral rating to an underperform rating in a report on Friday, May 17th. SunTrust Banks initiated coverage on Ferguson in a report on Tuesday, July 16th. They set a buy rating for the company. Stifel Nicolaus reaffirmed a hold rating on shares of Ferguson in a report on Tuesday, May 7th. ValuEngine raised Ferguson from a sell rating to a hold rating in a report on Wednesday, May 1st. Finally, Berenberg Bank downgraded Ferguson from a buy rating to a hold rating in a report on Friday, June 14th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Ferguson presently has a consensus rating of Hold and a consensus price target of $7.75.

Shares of OTCMKTS FERGY opened at $7.26 on Wednesday. The company has a market capitalization of $16.91 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 1.25 and a beta of 1.08. The business has a 50-day moving average of $7.29 and a two-hundred day moving average of $6.98. Ferguson has a 1 year low of $5.95 and a 1 year 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.

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Analyst Recommendations for Ferguson (OTCMKTS:FERGY)

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