Ferguson PLC -3.5% potential downside indicated by Deutsche

Ferguson PLC with ticker (LON:FERG) now has a potential downside of -3.5% according to Deutsche.



Deutsche set a target price of 9,960 GBX for the company, which when compared to the Ferguson PLC share price of 10,310 GBX at opening today (20/04/2022) indicates a potential downside of -3.5%. Trading has ranged between 91 (52 week low) and 10,400 (52 week high) with an average of 1,169,885 shares exchanging hands daily. The market capitalisation at the time of writing is £22,491,700,400.

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.