Berenberg Bank Lowers Ferguson (OTCMKTS:FERGY) to Hold

Ferguson (OTCMKTS:FERGY) was downgraded by research analysts at Berenberg Bank from a “buy” rating to a “hold” rating in a research report issued on Friday, The Fly reports.

FERGY has been the subject of several other research reports. Credit Suisse Group cut shares of Ferguson from a “neutral” rating to an “underperform” rating in a research report on Friday, May 17th. Zacks Investment Research cut 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 upgraded shares of Ferguson from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Stifel Nicolaus restated a “hold” rating on shares of Ferguson in a research report on Tuesday, May 7th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Ferguson currently has an average rating of “Hold” and a consensus price target of $7.75.

FERGY opened at $7.07 on Friday. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 16.07, a P/E/G ratio of 1.15 and a beta of 1.05. Ferguson has a 1-year low of $5.95 and a 1-year high of $8.67.

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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Analyst Recommendations for Ferguson (OTCMKTS:FERGY)

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