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

Canaccord raises Ferguson target price on US outlook

By Sean Farrell

Date: Tuesday 19 May 2020

LONDON (ShareCast) - (Sharecast News) - Ferguson's US trading will probably be better than feared in the fourth quarter, Canaccord Genuity said as the broker raised its target price on the plumbing and heating company.
The FTSE 100 company has reported a 9.3% decline in US revenue for April - a swing from 8.2% growth in February and March. The drop in the US, which makes up about 80% of Ferguson's business, was smaller than in Canada and the UK.

The US result was not as bad as expected and with US construction markets reopening business is likely to be better than forecast in the quarter to the end of July, Canaccord said.

Analyst Nigel Parson kept his 'hold' rating on Ferguson shares and upped his price target to £60 from £51.40. He also raised his estimate for annual profit to $1.387bn (£1.1bn) from $1.209bn.

"There remain macro risks around the US construction market, especially the potential for a second wave risk as the economy starts to open up," Parson wrote in a note to clients. "However, with the economy beginning to open back up and in view of the resilient performance seen in April, we increase our trading profit estimate for the group."









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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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