Ferguson (FERG)

Sector:

Support

17,325.00p
   
  • Change Today:
    -65.00p
  • 52 Week High: 17,555.00
  • 52 Week Low: 9,930.00
  • Currency: UK Pounds
  • Shares Issued: 202.60m
  • Volume: 54,917
  • Market Cap: £35,100m

Ferguson agrees to buy Chicago-based Columbia Pipe

By Josh White

Date: Wednesday 19 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Ferguson announced on Wednesday that it has signed a purchase agreement to acquire Columbia Pipe & Supply Company.
The FTSE 100 company described Columbia Pipe as an independent distributor based in Chicago, Illinois specializing in PVF, commercial mechanical, commercial plumbing, industrial, valve automation, engineered products, and hydronics.

It said business was established in 1935, and employs around 375 associates, with 16 locations across the states of Illinois, Wisconsin, Minnesota, Michigan, and Indiana.

In the year ended 31 December, Columbia Pipe generated revenue of $220m (?169.82m).

"Chicago is the third largest city in the US with a substantial commercial market," said Ferguson group chief executive Kevin Murphy.

"Columbia Pipe has a strong reputation and well-established vendor and customer relationships in this important region.

"This acquisition accelerates our Chicago market strategy and will allow us to rapidly expand our existing capabilities across the midwest."

Ferguson said the transaction remained subject to regulatory approval from the relevant competition authorities, which was expected in the current quarter.

At 1431 GMT, shares in Ferguson were up 0.56% at 7,556p.

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Wolseley Market Data

Currency UK Pounds
Share Price 17,325.00p
Change Today -65.00p
% Change -0.37 %
52 Week High 17,555.00
52 Week Low 9,930.00
Volume 54,917
Shares Issued 202.60m
Market Cap £35,100m

Wolseley Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.45% below the market average85.45% below the market average85.45% below the market average85.45% below the market average85.45% below the market average
80% below the sector average80% below the sector average80% below the sector average80% below the sector average80% below the sector average
Price Trend
92.80% above the market average92.80% above the market average92.80% above the market average92.80% above the market average92.80% above the market average
80.20% above the sector average80.20% above the sector average80.20% above the sector average80.20% above the sector average80.20% above the sector average
Income
90.16% below the market average90.16% below the market average90.16% below the market average90.16% below the market average90.16% below the market average
93.85% below the sector average93.85% below the sector average93.85% below the sector average93.85% below the sector average93.85% below the sector average
Growth
14.53% below the market average14.53% below the market average14.53% below the market average14.53% below the market average14.53% below the market average
28% below the sector average28% below the sector average28% below the sector average28% below the sector average28% below the sector average

What The Brokers Say

Strong Buy 6
Buy 10
Neutral 9
Sell 2
Strong Sell 0
Total 27
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Wolseley Dividends

  Latest Previous
  2nd Interim 1st Interim
Ex-Div 14-Mar-24 14-Dec-23
Paid 07-May-24 06-Feb-24
Amount 79.00¢ 79.00¢

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 39,721 @ 17,325.00p
16:35 47 @ 17,325.00p
16:35 98 @ 17,325.00p
16:35 235 @ 17,325.00p
16:35 56 @ 17,325.00p

Wolseley Key Personnel

CEO Kevin Murphy
Chair Geoffrey Drabble

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