Barclays Reaffirms Their Buy Rating on Ferguson PLC (FERG)
Barclays analyst Matthew Bouley maintained a Buy rating on Ferguson PLC today and set a price target of $267.00.
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According to TipRanks, Bouley is a 5-star analyst with an average return of 14.6% and a 59.71% success rate. Bouley covers the Industrials sector, focusing on stocks such as Advanced Drainage Systems, Ferguson PLC, and Fortune Brands Innovations.
Ferguson PLC has an analyst consensus of Strong Buy, with a price target consensus of p19,870.68.
Based on Ferguson PLC’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $8.5 billion and a net profit of $700 million. In comparison, last year the company earned a revenue of $7.95 billion and had a net profit of $451 million
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FERG in relation to earlier this year.
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- Morning Movers: CVS rises, Home Depot falls after investor day updates
- Ferguson PLC: Strong Performance and Strategic Positioning Justify Buy Rating
- Ferguson reports Q1 adjusted EPS $2.84, consensus $2.72
- Ferguson sees FY25 sales growth of 5% vs. prior view mid-single digits
