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Home / Momentum / Ferguson (FERG.L) 04-02-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Ferguson (FERG.L) 04-02-20

Will shares in Ferguson (FERG.L) continue to rally, setting new recent highs?

 

  • Now trading at 7278.29p (at time of writing), the share price performance has been very strong.
  • Will it end, or is this trend your friend?
  • Could this be the ideal opportunity for momentum traders?
  • Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
  • Technical traders should consider of new events, which can influence price action. Check our website and news outlets for updates.
  • Shares -0% from 12-month highs; +51% from 12 month lows.

Latest News

08:20:  Ferguson, the plumbing and heating company, announced that it would buy back around $500m of its shares over the coming year.

28 Jan:  Peel Hunt reiterates its hold rating on Ferguson Plc (FERG) and increased the target price to 7230p (from 6560p).

23 Jan:  Deutsche Bank reiterates its buy rating on Ferguson Plc (FERG) and increased the target price to 8400p (from 7650p).

22 Jan:  UBS has upgraded its rating on Ferguson Plc (FERG) to buy (from neutral) and increased the target price to 8075p (from 6600p).

13 Jan:  HSBC reiterates its buy rating on Ferguson Plc (FERG) and increased the target price to 7800p (from 6600p).

10 Jan:  RBC Capital Markets has downgraded its rating on Ferguson Plc (FERG) to underperform (from sector performer) and increased the target price to 5900p (from 5100p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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