Ferguson plc (LON:FERG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Ferguson plc (LON:FERGGet Rating) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is £129.93 ($153.63).

A number of research firms have recently commented on FERG. Berenberg Bank reaffirmed a “buy” rating and set a £114 ($134.80) price target on shares of Ferguson in a research report on Monday, October 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 9,960 ($117.77) price target on shares of Ferguson in a research report on Thursday, September 1st. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a £125 ($147.81) price target on shares of Ferguson in a research report on Friday, September 30th.

Insider Activity at Ferguson

In other Ferguson news, insider Bill Brundage sold 5,070 shares of the business’s stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of GBX 9,426 ($111.46), for a total transaction of £477,898.20 ($565,091.88).

Ferguson Trading Down 1.5 %

LON FERG opened at GBX 9,798 ($115.86) on Friday. The firm has a market cap of £20.39 billion and a P/E ratio of 1,214.13. The company has a debt-to-equity ratio of 109.93, a current ratio of 1.65 and a quick ratio of 0.76. The stock’s 50-day moving average is GBX 9,714.14 and its 200-day moving average is GBX 9,678.60. Ferguson has a one year low of GBX 8,602 ($101.71) and a one year high of £136.40 ($161.29).

Ferguson Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, October 27th will be given a $1.91 dividend. This represents a yield of 1.82%. The ex-dividend date is Thursday, October 27th. This is a positive change from Ferguson’s previous dividend of $0.84. Ferguson’s dividend payout ratio (DPR) is currently 31.50%.

About Ferguson

(Get Rating)

Ferguson plc distributes plumbing and heating products in the United States and Canada. It offers plumbing and heating solutions to customers in the residential, commercial, civil/infrastructure, and industrial end markets. The company also provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, fabrication, and others, as well as heating, ventilation, and air conditioning products under the Ferguson brand name.

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