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Ferguson PLC stock reached a significant milestone, hitting a 52-week high of 238.17 USD. With a substantial market capitalization of $46.86 billion, the company has demonstrated impressive momentum, gaining 37.7% over the past six months. According to InvestingPro analysis, the stock is currently trading slightly above its Fair Value. This marks a notable achievement for the company, reflecting strong investor confidence and positive market sentiment. Over the past year, Ferguson PLC has experienced a substantial increase in its stock value, with a 1-year change of 22.96%. This upward trend underscores the company’s robust performance and strategic initiatives that have resonated well with investors, contributing to its current market standing. The company maintains a healthy financial position with a current ratio of 1.64, indicating strong liquidity. InvestingPro subscribers can access 10 additional key insights and a comprehensive Pro Research Report, offering deeper analysis of Ferguson’s market position and growth potential.
In other recent news, Ferguson Enterprises Inc. announced the currency exchange rate for depositary interest holders receiving their dividend in British pounds, set at 1.3404 GBP/USD for a $0.83 per share dividend. Goldman Sachs initiated coverage on Ferguson with a buy rating and a $280 price target, highlighting improved pricing trends and execution. Ferguson reported a 5% organic growth in its third-quarter fiscal 2025 results, with pricing stabilizing after a period of deflation. Morgan Stanley increased its price target for Ferguson to $220, maintaining an Overweight rating, as they anticipate stronger organic growth and improved margins for the fiscal year 2025. Berenberg downgraded Ferguson’s stock rating to Hold from Buy following a significant increase in the company’s share price, despite raising their price target to $215. UBS also raised their price target for Ferguson to $204, maintaining a Neutral rating, and revised their earnings per share estimates for fiscal years 2025 to 2027 due to better revenue and margin expectations. These developments reflect a period of strategic adjustments and financial performance updates for Ferguson.
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