Ferguson PLC 16.7% potential upside indicated by Berenberg Bank

Ferguson PLC with ticker (LON:FERG) now has a potential upside of 16.7% according to Berenberg Bank.



Berenberg Bank set a target price of 15,000 GBX for the company, which when compared to the Ferguson PLC share price of 12,500 GBX at opening today (12/01/2022) indicates a potential upside of 16.7%. Trading has ranged between 8,344 (52 week low) and 13,640 (52 week high) with an average of 647,827 shares exchanging hands daily. The market capitalisation at the time of writing is £27,453,856,050.

Ferguson PLC is a distributor of plumbing and heating products to professional contractors. The Company’s segments include USA and Canada. It serves the repair, maintenance and improvement (RMI) markets, and construction market. The Company’s USA business units include Residential Showrooms, eBusiness, Heating, Ventilation and Air Conditioning (HVAC), Fire and Fabrication, Waterworks and Industrial. The Canada segment operates as a wholesale distributor of plumbing, heating, ventilation and air conditioning, refrigeration, waterworks, fire protection, pipes, valves and fittings and industrial products.