6. CLEAN WATER AND SANITATION

Ferguson (NASDAQ:FERG) Shares Gap Up to $106.56 – Defense World

Written by Amanda

Ferguson plc (NASDAQ:FERGGet Rating)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $106.56, but opened at $111.12. Ferguson shares last traded at $111.13, with a volume of 4,064 shares trading hands.

Several equities analysts have issued reports on the stock. Jefferies Financial Group cut shares of Ferguson from a “buy” rating to a “hold” rating in a research report on Monday, February 28th. Credit Suisse Group decreased their price objective on shares of Ferguson from £114.75 ($140.56) to £103.65 ($126.96) in a report on Thursday, May 12th. Exane BNP Paribas downgraded shares of Ferguson from a “neutral” rating to an “underperform” rating in a report on Friday, May 20th. HSBC upgraded shares of Ferguson from a “hold” rating to a “buy” rating in a report on Monday, February 28th. Finally, Truist Financial decreased their price objective on shares of Ferguson from $165.00 to $140.00 in a report on Thursday, June 16th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $8,480.71.

The firm’s 50 day moving average is $119.77 and its 200 day moving average is $142.54. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.91 and a current ratio of 1.66.

A number of large investors have recently modified their holdings of FERG. LPL Financial LLC grew its stake in Ferguson by 1.3% during the third quarter. LPL Financial LLC now owns 11,113 shares of the company’s stock valued at $1,550,000 after acquiring an additional 140 shares in the last quarter. UBS Group AG lifted its position in Ferguson by 76.7% during the third quarter. UBS Group AG now owns 119,195 shares of the company’s stock valued at $16,630,000 after purchasing an additional 51,725 shares during the last quarter. Captrust Financial Advisors lifted its position in Ferguson by 12.1% during the third quarter. Captrust Financial Advisors now owns 1,193 shares of the company’s stock valued at $166,000 after purchasing an additional 129 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its position in Ferguson by 533.6% during the third quarter. Schonfeld Strategic Advisors LLC now owns 21,834 shares of the company’s stock valued at $3,046,000 after purchasing an additional 18,388 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Ferguson by 6.7% during the third quarter. Bank of New York Mellon Corp now owns 1,527,252 shares of the company’s stock valued at $213,083,000 after purchasing an additional 95,955 shares during the last quarter. 46.84% of the stock is owned by institutional investors.

About Ferguson (NASDAQ:FERG)

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 distributes pipes, valves, fittings, plumbing supplies, water heaters, kitchen and bathroom fixtures, and appliances; heating, ventilation, air conditioning, and refrigeration products and supplies; and plumbing parts and supplies, fire sprinkler systems, hangers, struts, and fasteners.

Read More

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.

Source: defenseworld.net

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai