Ferguson Plc (OTCMKTS:FERGY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Ferguson Plc (OTCMKTS:FERGY) have been given an average rating of “Hold” by the eight research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company.

A number of equities analysts recently commented on the company. Zacks Investment Research raised Ferguson from a “sell” rating to a “hold” rating in a research note on Monday. Berenberg Bank lowered Ferguson from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Credit Suisse Group lowered Ferguson from a “neutral” rating to an “underperform” rating in a research note on Friday, May 17th. Stifel Nicolaus reissued a “hold” rating on shares of Ferguson in a research note on Tuesday, May 7th. Finally, ValuEngine raised Ferguson from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st.

OTCMKTS:FERGY opened at $7.14 on Wednesday. Ferguson has a 12-month low of $5.95 and a 12-month high of $8.67. The stock’s 50-day simple moving average is $6.81. The stock has a market capitalization of $16.55 billion, a PE ratio of 16.23, a P/E/G ratio of 1.25 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.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

Analyst Recommendations for Ferguson (OTCMKTS:FERGY)

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