Merrill Lynch says Ferguson short-term trading to remain slow, valuation unattractive
27th Aug 2019 12:21
(Sharecast News) - Bank of America Merrill Lynch downgraded its stance on shares of plumbing products supplier Ferguson to 'neutral' from 'underperform' on Tuesday, arguing that there is limited upside from recent activist involvement and that short-term trading is likely to remain slow at best.
Read moreFriday broker round-up
14th Jun 2019 12:55
(Sharecast News) - Ferguson: Berenberg downgrades to hold with a target price of 6,000p.
Read moreBerenberg cuts Ferguson to 'hold' amid US slowdown
14th Jun 2019 12:35
(Sharecast News) - Analysts at Berenberg downgraded their rating for Ferguson shares from 'buy' to 'hold' on Friday amid concern over a slowdown in US construction activity outside of the residential sector and in the Canadian housing market, following years of "exceptional" growth, adding that it would take time for the effects of Trian's stake building in its capital to make themselves felt.
Read moreJefferies stays at 'buy' on Ferguson, sees scope for extra cash and M&A
13th Jun 2019 11:20
(Sharecast News) - Analysts at Jefferies reiterated their 'buy' recommendation for shares of Ferguson on Thursday, highlighting the company's better-than-average growth prospects, inexpensive valuation and the possibility of higher returns to shareholders.
Read moreNelson Peltz's Trian builds 5.98% stake in Ferguson
13th Jun 2019 08:27
(Sharecast News) - Funds controlled by Trian Fund Management have amassed a 5.98% stake in plumbers' merchant Ferguson.
Read moreTuesday broker round-up
11th Jun 2019 11:59
(Sharecast News) - Zotefoams: Peel Hunt upgrades to buy with a target price of 750p.
Read moreMonday broker round-up
10th Jun 2019 13:58
(Sharecast News) - AJ Bell: Numis downgrades to hold with a target price of 346p.
Read moreFerguson slips as US revenue growth slows
10th Jun 2019 07:42
(Sharecast News) - Ferguson on Monday reported that it had missed third quarter revenues estimates following a slowdown in US growth, though the business still achieved revenue and trading profit growth.
Read moreMonday broker round-up
3rd Jun 2019 12:07
(Sharecast News) - Ferguson: Peel Hunt upgrades to add with a target price of 5,430p.
Read moreFormer Ashtead boss to replace Gareth Davis as Ferguson chair
22nd May 2019 11:00
(Sharecast News) - Plumbing and heating products distributor Ferguson has named former Ashtead chief executive Geoff Drabble as its new chairman.
Read moreFTSE 100 movers: NMC reinvigorated, Hikma hamstrung
2nd Apr 2019 14:37
(Sharecast News) - London's FTSE 100 index was 1.13% higher at 7,400.29 in afternoon trade on Tuesday, as it followed Wall Street's push higher with Middle East focused healthcare chain and distribution business NMC Health leading the way.
Read moreCountryside is star buy for Jefferies in upbeat housebuilders report
2nd Apr 2019 08:38
(Sharecast News) - Countryside is the star share among UK housebuilders, Jefferies said as it started coverage of the industry with an upbeat report.
Read moreThursday broker round-up
14th Mar 2019 13:22
(Sharecast News) - Savills: Peel Hunt downgrades to hold with a target price of 925p.
Read moreNorth America drives 9.9% rise in Ferguson Q1 profits
4th Dec 2018 07:09
(Sharecast News) - Plumbing and heating products distributor Ferguson reported a 9.9% rise in first quarter trading profit to $432m as North American operations offset a fall in the UK.
Read moreThursday broker round-up
22nd Nov 2018 13:37
(Sharecast News) - Royal Mail: RBC Capital Markets upgrades to sector perform with a target price of 500p.
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