FERG.L - Ferguson plc

LSE - LSE Delayed Price. Currency in GBp
5,919.00
-111.00 (-1.84%)
As of 3:17PM BST. Market open.
Stock chart is not supported by your current browser
Previous Close6,030.00
Open6,026.00
Bid5,918.00 x 0
Ask5,920.00 x 0
Day's Range5,908.00 - 6,070.00
52 Week Range4,594.00 - 6,601.00
Volume210,665
Avg. Volume751,410
Market Cap13.583B
Beta (3Y Monthly)0.94
PE Ratio (TTM)9.81
EPS (TTM)603.40
Earnings DateOct 1, 2019
Forward Dividend & Yield1.51 (2.50%)
Ex-Dividend Date2019-04-04
1y Target Est80.03
  • Should You Like Ferguson plc’s (LON:FERG) High Return On Capital Employed?
    Simply Wall St.

    Should You Like Ferguson plc’s (LON:FERG) High Return On Capital Employed?

    Today we are going to look at Ferguson plc (LON:FERG) to see whether it might be an attractive investment prospect...

  • Financial Times

    SNP considers public ownership for Ferguson Marine shipyard

    The Scottish government is considering nationalising the last civilian shipyard on the River Clyde after the yard announced plans to  go into administration because of losses incurred on a disputed contract ...

  • Should You Be Concerned With Ferguson plc's (LON:FERG) -14% Earnings Drop?
    Simply Wall St.

    Should You Be Concerned With Ferguson plc's (LON:FERG) -14% Earnings Drop?

    Measuring Ferguson plc's (LON:FERG) track record of past performance is an insightful exercise for investors. It...

  • Why Ferguson plc (LON:FERG) Could Be Your Next Investment
    Simply Wall St.

    Why Ferguson plc (LON:FERG) Could Be Your Next Investment

    As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I...

  • A Closer Look At Ferguson plc's (LON:FERG) Impressive ROE
    Simply Wall St.

    A Closer Look At Ferguson plc's (LON:FERG) Impressive ROE

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • Can Ferguson plc (LON:FERG) Maintain Its Strong Returns?
    Simply Wall St.

    Can Ferguson plc (LON:FERG) Maintain Its Strong Returns?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • Three Things You Should Check Before Buying Ferguson plc (LON:FERG) For Its Dividend
    Simply Wall St.

    Three Things You Should Check Before Buying Ferguson plc (LON:FERG) For Its Dividend

    Dividend paying stocks like Ferguson plc (LON:FERG) tend to be popular with investors, and for good reason - some...

  • A Look At The Fair Value Of Ferguson plc (LON:FERG)
    Simply Wall St.

    A Look At The Fair Value Of Ferguson plc (LON:FERG)

    In this article we are going to estimate the intrinsic value of Ferguson plc (LON:FERG) by projecting its future cash...

  • How Financially Strong Is Ferguson plc (LON:FERG)?
    Simply Wall St.

    How Financially Strong Is Ferguson plc (LON:FERG)?

    Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as Ferguson plc...

  • Nelson Peltz Likes the Look of American Plumbing
    Bloomberg

    Nelson Peltz Likes the Look of American Plumbing

    (Bloomberg Opinion) -- Nelson Peltz’s latest investment target is a big, slow-moving target with a massive bullseye on its back. The renowned U.S. activist has zoned in on Ferguson Plc, a plumbers’ merchant formerly known as Wolseley. His gripe is that the company trades at a stubborn discount to American peers. The snag is that remedies aren’t easy to administer.Ferguson is among the handful of U.K.-domiciled, London-listed blue-chips that aren’t really British companies. Some – such as BTG Plc or Firstgroup Plc – have already attracted takeover or activist interest. North America generates 87% of Ferguson’s revenue; the company recently changed its name to that of its U.S. subsidiary; it reports in dollars.The one un-American characteristic is the valuation. Ferguson has traded at a consistent discount to U.S. peers such as Home Depot Inc. and Lowe’s Cos Inc. The obvious explanation is that the company is listed on the wrong exchange, which makes it harder to attract its natural investor base. But that’s not the only interpretation. The valuation may also reflect a lack of faith in Ferguson’s strategy or management, or some challenges unique to its business. Either way, the discount slightly narrowed on Thursday after the disclosure that various Peltz funds had amassed a 6% stake. This pushed the stock up 6%, valuing the group at 13 billion pounds ($16 billion).It is hard to know whether Ferguson would get a higher valuation if it just moved its listing. Markets may not be 100% efficient, but capital is global and location can’t be the only explanation for the lack of investor love here. True, some funds are restricted geographically in where they can put money but that’s unlikely to be a huge factor in holding back demand for Ferguson shares.Such restrictions on funds might, though, be an obstacle to engineering a move for Ferguson. Unilever Plc’s plan to simplify its Anglo-Dutch structure into a single Netherlands company would have seen it lose its spot on the FTSE 100. That irked index investors and those with mandates to hold U.K. stocks who would have been forced to sell their shares. The plan foundered.Unilever wasn’t a one-off. Re-domiciling headquarters or listings has long been controversial. The textbook case is the thwarted migration of car parts maker LucasVarity back in the late 1990s from the U.K. to the U.S. For these changes, existing investors generally demand a premium. The cleanest way to achieve a move is to take the company private, then relist it.More pertinent are worries about the company’s resilience in the face of a U.S. slowdown. U.S. organic growth is slowing from a recent high single-digit percentage clip, while margins have barely improved since 2015, UBS analysts point out. The share price seems to be assuming that Ferguson’s long-run sustainable operating margin is just 5%, according to independent research provider Willis Welby, which argues that this is overly pessimistic.Peltz’s pitch is that he likes to engage with the management of his portfolio companies. Ferguson has responded diplomatically that it looks forward to dialogue, as it does with all shareholders. The mere presence of such a big name has got people excited. The tougher job will be convincing investors that the company’s equity story – twinning organic growth with a strategy of acquiring competitors – is still a winner. That case has yet to be made.To contact the author of this story: Chris Hughes at chughes89@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Reuters

    UPDATE 2-Ferguson surges as activist fund Trian takes 6% stake

    Activist fund Trian Fund Management LP said it has built up a 6% stake in Ferguson Plc, disclosing the investment days after the British plumbing products company reported disappointing results and slowing growth in its biggest market. Ferguson shares jumped 8.5% to an 8-month high on the news, topping London's FTSE 100 blue chip index. Owned by billionaire U.S. investor Nelson Peltz, Trian is among the best known U.S. activist hedge funds which take stakes in companies they view as undervalued and force major changes to generate returns for shareholders.

  • MarketWatch

    Europe markets climb as Mexico deal drives trade optimism

    European markets were broadly higher as the U.S.-Mexico deal to avert tariffs fueled optimism around global trade. U.S. President Donald Trump announced Saturday on Twitter that tariffs on Mexico due to come into effect Monday were suspended after the two countries reached an agreement in talks. Mexico will intervene more strongly to prevent migrants from transiting through the country to seek asylum in the U.S.

  • Is Ferguson plc's (LON:FERG) P/E Ratio Really That Good?
    Simply Wall St.

    Is Ferguson plc's (LON:FERG) P/E Ratio Really That Good?

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we'll...

  • Did Ferguson plc (LON:FERG) Insiders Buy Up More Shares?
    Simply Wall St.

    Did Ferguson plc (LON:FERG) Insiders Buy Up More Shares?

    It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...

  • Reuters

    Ferguson appoints former Ashtead boss Geoff Drabble as chairman

    (Reuters) - British plumbing products distributor Ferguson Plc on Wednesday appointed Geoff Drabble as chairman to succeed Gareth Davis, who has held the role for almost nine years. Drabble, who will assume ...

  • Ferguson plc (LON:FERG): Is It A Smart Long Term Opportunity?
    Simply Wall St.

    Ferguson plc (LON:FERG): Is It A Smart Long Term Opportunity?

    Since Ferguson plc (LON:FERG) released its earnings in January 2019, analyst consensus outlook appear cautiously...

  • Reuters

    What's at stake for Europe Inc in a trade spat with Washington

    Europe's listed companies are expected to generate 1.2 trillion euros (£1.0 trillion) in revenue from the United States this year, highlighting what's at stake as global trade tensions grow and earnings and economic growth stall. Analysts and investors say that based on revenues, European companies are more vulnerable to a dispute than their competitors in the United States. U.S. President Donald Trump is due to decide by Saturday whether to impose duties on car imports, potentially posing another significant threat to global growth and denting Europe's prized auto sector.

  • Should Ferguson plc (LON:FERG) Be Your Next Stock Pick?
    Simply Wall St.

    Should Ferguson plc (LON:FERG) Be Your Next Stock Pick?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...

  • The Ferguson (LON:FERG) Share Price Has Gained 50% And Shareholders Are Hoping For More
    Simply Wall St.

    The Ferguson (LON:FERG) Share Price Has Gained 50% And Shareholders Are Hoping For More

    Stock pickers are generally looking for stocks that will outperform the broader market. And the truth is, you can make significant gains if you buy good quality businesses at the right price. For example, the Ferguson plc (LO...

  • Reuters

    Exporters and oil majors pull FTSE 100 out of the red

    The FTSE 100 added 0.3 percent, lagging behind European peers as Brexit uncertainties kept a lid on gains, while the FTSE 250 firmed by 0.5 percent. After British lawmakers on Monday wrested control of the parliamentary agenda from the government for a day in the hope of breaking the Brexit deadlock, two eurosceptic MPs indicated they might support Prime Minister Theresa May's EU divorce deal rather than risk parliament cancelling the exit.

  • Reuters

    European stocks claw back up after four-day drop

    European shares rose on Tuesday, snapping a four-day losing streak, boosted by healthcare stocks and on indications that UK Prime Minister Theresa May's deal to exit the European Union could gain some support. The pan-region STOXX 600 index added to early gains and rose 0.8 percent, led by Switzerland and Paris's near 1 percent jump, followed by Frankfurt's 0.6 percent gain. Milan rose 0.4 percent, while London's FTSE closed 0.26 percent higher.