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By Michele Maatouk
Date: Thursday 12 Aug 2021
LONDON (ShareCast) - (Sharecast News) - Deutsche Bank lifted its price target on Ferguson to 11,800p from 10,100p on Thursday as it pointed to further upside from growth in the US housing market and economy.
It said Ferguson's investment case remains unchanged: delivering consistent growth in fragmented markets.
"It has successfully generated organic and M&A-led growth historically, with initiatives like own brand products helping to raise margins," DB said.
"With a period of likely steady growth in the US housing market and economy, we believe Ferguson's investment thesis should continue to work."
Deutsche Bank kept its rating on the shares at 'buy'.
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Currency | UK Pounds |
Share Price | 16,610.00p |
Change Today | -420.00p |
% Change | -2.47 % |
52 Week High | 17,685.00 |
52 Week Low | 11,530.00 |
Volume | 87,792 |
Shares Issued | 202.10m |
Market Cap | £33,569m |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 6 |
Buy | 10 |
Neutral | 7 |
Sell | 2 |
Strong Sell | 0 |
Total | 25 |
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¢ |
Time | Volume / Share Price |
17:06 | 18,000 @ 16,720.00p |
16:35 | 27,315 @ 16,610.00p |
16:35 | 58 @ 16,610.00p |
16:35 | 58 @ 16,610.00p |
16:35 | 36 @ 16,610.00p |
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