Wells Fargo Keeps Their Buy Rating on Ferguson PLC (FERG)
Wells Fargo analyst Sam Reid maintained a Buy rating on Ferguson PLC today and set a price target of $280.00.
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According to TipRanks, Reid is a 4-star analyst with an average return of 5.7% and a 59.86% success rate. Reid covers the Consumer Cyclical sector, focusing on stocks such as DR Horton, Mohawk, and Toll Brothers.
In addition to Wells Fargo, Ferguson PLC also received a Buy from Oppenheimer’s Scott Schneeberger in a report issued on December 12. However, on December 11, Deutsche Bank maintained a Hold rating on Ferguson PLC (LSE: FERG).
Based on Ferguson PLC’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $8.17 billion and a net profit of $570 million. In comparison, last year the company earned a revenue of $7.77 billion and had a net profit of $470 million
Based on the recent corporate insider activity of 80 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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