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Home / Momentum / Ferguson (FERG.L) 23-10-19

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

Ferguson (FERG.L) 23-10-19

Will Ferguson (FERG.L) continue this relentless rise, setting new highs?

 

  • Currently trading at 6500p (at time of writing), performance has been exceptional of late.
  • Will it hit resistance, or is the trend your friend?
  • Is this one for momentum traders?
  • The price has been moving upwards, however, past performance is not necessarily an indication of the future.
  • Technical traders should be mindful of breaking news and events. This can influence price trends. Check our website and news outlets for updates.
  • Shares -0% from 12-month highs; +36% from 12 month lows.

Latest News

03 Oct:  UBS reiterates its neutral rating on Ferguson Plc (FERG) and increased the target price to 6600p (from 6500p).

 

01 Oct:  Peel Hunt reiterates its add rating on Ferguson Plc (FERG) and increased the target price to 6200p (from 5430p).

01 Oct:  Ferguson, the plumbing group,  said it anticipated outperforming again in the US market in H2. It said that efforts to boost margin growth had boosted full year profits.

26 Sep:  Deutsche Bank today initiates coverage of Ferguson Plc (FERG) with a buy rating and target price of 6900p.

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

 

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