Ferguson plc (LON:FERG – Get Rating) reached a new 52-week high on Thursday . The company traded as high as £118.25 ($146.04) and last traded at £117.95 ($145.67), with a volume of 97171 shares changing hands. The stock had previously closed at £114.80 ($141.78).
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft decreased their price objective on Ferguson from GBX 9,960 ($123.01) to GBX 9,630 ($118.93) and set a "hold" rating for the company in a report on Monday, December 5th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of £116.33 ($143.66).
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Ferguson Stock Up 1.9 %
The company has a market cap of £25.39 billion and a P/E ratio of 1,474.00. The stock's 50-day moving average price is £106.49 and its 200-day moving average price is £101.52. The company has a current ratio of 1.84, a quick ratio of 0.83 and a debt-to-equity ratio of 91.72.
Ferguson Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, February 3rd. Stockholders of record on Thursday, December 15th were given a dividend of $0.75 per share. The ex-dividend date was Thursday, December 15th. This represents a dividend yield of 0.63%. Ferguson's dividend payout ratio (DPR) is presently 32.67%.
Insider Transactions at Ferguson
In related news, insider Kevin Murphy sold 20,856 shares of the firm's stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of £104.22 ($128.71), for a total value of £2,173,612.32 ($2,684,466.25).
Ferguson Company Profile
(Get Rating)
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 provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, fabrication, and others, as well as heating, ventilation, and air conditioning products under the Ferguson brand name.
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