You are here

Prices & Quotes - UK Markets - Ferguson (FERG)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 9,432.00p
Change Today:
52.00p
Market Cap:
21,111m
Sector:
Support Services

Canaccord raises target price on Ferguson

By Iain Gilbert

Date: Wednesday 17 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity raised their target price on plumbing and heating products distributor Ferguson from 8,900.0p to 9,100.0p on Wednesday, stating it now saw signs of more top-line life going into the second half of the trading year.
Canaccord said Ferguson had delivered a "good" first-half performance, with good profit growth, and while the first six months of the year demonstrated how well it managed its cost base and outperformed the wider US market, the other key point the analysts pointed out was the company's strong balance sheet.

Looking to the second half of the year, Canaccord expects US residential markets to remain "strong" and commercial and industrial markets to improve, with comparatives starting to ease into the third quarter.

The Canadian bank also expects recent commodity price inflation in finished goods to be "increasingly supportive" of the firm's top line and while it acknowledged that more costs will come back into the business into the fourth-quarter, a good rate of profit drop-through should still be expected.

"The group is now fully focussed on North American markets and we believe it has huge potential to continue to consolidate its markets, outperform the wider market and see incremental margin expansion over the medium term," said Canaccord, which retained its 'hold' rating on the stock.

"The shares have enjoyed a good re-rating as the group has transitioned into essentially a pure US play with the intention to move to a primary US listing, but earnings growth potential over the medium term remains attractive and the currently strong balance sheet is also very supportive," added the analysts, who noted that with Ferguson's special dividend, share buyback and interim dividend, it will be returning roughly $1.0bn to shareholders.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Ferguson Market Data

Currency UK Pounds
Price 9,432.00p
Change Today 52.00p
52 Week High 9,458.00p
52 Week Low 5,670.00p
Volume 451,116
Shares Issued 223.82m
Market Cap 21,111m
Beta 0.00

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Growth
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
Dividend Yield
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 11
Buy 1
Neutral 8
Sell 3
Strong Sell 1
Total 24
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ferguson Dividends

  Latest Previous
  Special Interim
Ex-Div 25-Mar-21 25-Mar-21
Paid 11-May-21 11-May-21
Amount 180.00¢ 72.90¢

Trades for 07-May-2021

Time Volume / Share Price
16:48 21,358 @ 9,411.43p
16:35 98,951 @ 9,432.00p
16:29 31 @ 9,418.00p
16:29 1 @ 9,418.00p
16:29 4 @ 9,420.00p

Ferguson Key Personnel

CEO Kevin Murphy
Chair Geoffrey Drabble