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. In addition, it distributes water meters and automation products, irrigation and drainage products, geosynthetics, and stormwater management products; flanges, general industrial maintenance repair and operations products, high density polyethylene products, and fabrication products; water and wastewater treatment products; and PVF solutions. Further, the company offers services, including consultation, advice and project management, pro pick-up, and delivery services; online tools; quotation, jobsite delivery and logistics, project management, and fabrication services; digitally enhanced estimation, and design services; advanced metering infrastructure services; and supply chain and equipment rental services. The company also sells its products through online channels. It operates a network of 1,679 branches and 11 distribution centers. Ferguson plc was founded in 1887 and is headquartered in Wokingham, the United Kingdom.
Ferguson Stock Performance
LON:FERG opened at £102.80 ($124.21) on Friday. The company has a market cap of £21.70 billion and a P/E ratio of 1,258.26. The company has a debt-to-equity ratio of 104.20, a current ratio of 1.56 and a quick ratio of 0.75. The stock has a 50-day moving average of GBX 9,480.15 and a two-hundred day moving average of £101.38. Ferguson has a 1-year low of GBX 8,602 ($103.94) and a 1-year high of £136.40 ($164.81).
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on FERG. Berenberg Bank restated a "buy" rating and issued a £114 ($137.75) price objective on shares of Ferguson in a report on Wednesday, June 15th. Morgan Stanley restated an "equal weight" rating on shares of Ferguson in a report on Wednesday, May 11th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of £132.10 ($159.62).