Ferguson PLC stock hits 52-week high at 227.95 USD

Ferguson PLC (NYSE:FERG) stock reached a new 52-week high, hitting 227.95 USD, marking a significant milestone for the $44.88 billion market cap company. According to InvestingPro data, the stock has delivered impressive returns with a 31.94% gain year-to-date. This peak reflects strong momentum, with the stock surging 25.93% over the past six months. The 52-week high indicates investor confidence in Ferguson PLC’s market position and potential for future growth. As the company continues to navigate the market landscape, this achievement underscores its resilience and strategic initiatives. InvestingPro analysis reveals 11 additional bullish indicators and a comprehensive Pro Research Report, offering deeper insights into the company’s valuation and growth prospects.

In other recent news, Ferguson Enterprises Inc. has announced the currency exchange rate for holders of depositary interests receiving their dividend in British pounds, set at 1.3404 GBP/USD for the $0.83 per share dividend. Goldman Sachs initiated coverage on Ferguson with a buy rating and a price target of $280, highlighting improved pricing trends and execution, along with a reported 5% organic growth in the company’s third-quarter fiscal 2025 results. Morgan Stanley (NYSE:MS) has raised its price target for Ferguson to $220, maintaining an Overweight rating, as they anticipate stronger organic growth and have increased their margin forecast to 9.0%.

On the other hand, Berenberg analysts downgraded Ferguson’s stock rating to Hold from Buy after a significant surge in the company’s share price, although they raised the price target to $215 and increased their earnings per share forecasts by 4% for fiscal year 2025. UBS also increased its price target for Ferguson to $204 from $173, maintaining a Neutral rating, and revised their earnings per share estimates upward for fiscal years 2025 to 2027, citing improved revenue and margin expectations. These developments reflect a period of active analyst engagement with Ferguson, with various firms adjusting their outlooks based on the company’s recent financial performance and market conditions.

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