Ferguson PLC 23.5% potential upside indicated by Berenberg Bank

Ferguson PLC with ticker (LON:FERG) now has a potential upside of 23.5% according to Berenberg Bank.



Berenberg Bank set a target price of 11,400 GBX for the company, which when compared to the Ferguson PLC share price of 8,724 GBX at opening today (17/06/2022) indicates a potential upside of 23.5%. Trading has ranged between 87 (52 week low) and 8,844 (52 week high) with an average of 2,325,877 shares exchanging hands daily. The market capitalisation at the time of writing is £18,966,967,902.

Ferguson PLC is a distributor of plumbing and heating products to professional contractors. The Company’s segments include USA and Canada. 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. The Company operates nationally, serving the residential, commercial, civil and industrial end markets. The Company serves the repair, maintenance and improvement (RMI) markets, and construction market.