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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Ferguson plc    WOS   JE00BJVNSS43

FERGUSON PLC

(WOS)
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UK-focused shares dip as no-deal Brexit scenario re-emerges

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06/13/2019 | 12:28pm EST
Traders looks at financial information on computer screens on the IG Index trading floor

(Reuters) - Britain's mid-cap index slipped on Thursday as Boris Johnson, a prominent Brexiteer, emerged as the clear favourite to succeed Theresa May as Prime Minister after the first round of a ballot of Conservative lawmakers.

The FTSE 250 fell 0.4%, its worst day in more than a week. The FTSE 100 ended roughly flat, with notable gains in plumbing products distributor Ferguson and packaging firm DS Smith.

Stocks on the domestically-focused mid-cap index as well blue-chip local financial shares skid after Johnson, the face of Britain's campaign to leave the European Union in the 2016 referendum, was backed by more than a third of voting lawmakers.

This again raised the risk of Britain crashing out of the EU without a deal on Oct. 31, which Johnson has said he would do if no agreement had been ratified by then.

Ferguson surged 6.1%, its best day in more than a year after activist investor Nelson Peltz's Trian Fund disclosed a stake and said it would work with the company, formerly known as Wolseley, to explore creating long-term value for shareholders..

DS Smith jumped 5.4% after it posted solid pre-tax profit growth, helped by higher volumes, sales prices and margins. It dragged shares of peers Smurfit Kappa and Mondi higher.

Companies trading ex-dividend were the biggest fallers. Hosebuilder Persimmon and ad firm WPP gave up more than 4%.

Tesco recovered from losses earlier in the session to end 0.9% higher. Britain's biggest retailer had flagged slowdown in underlying sales growth in its latest quarter.

"Whilst no one thought the Christmas boost would carry through completely into the first quarter, these are mildly disappointing results. The threat from discounters is not going away," Markets.com analyst Neil Wilson said.

Mid-cap Just Group climbed 12.7% on its best day since December after the specialist pension provider's chairman said his focus was on maximising shareholder value with "no options excluded".

AIM-listed Majestic Wine slumped 8.2% after it suspended its dividend due to the sale of its retail business and said Chairman Greg Hodder would resign.

Liberum analysts called Hodder a highly regarded executive and said his departure was unexpected.

(Reporting by Shashwat Awasthi and Muvija M in Bengaluru; Editing by Saumyadeb Chakrabarty and John Stonestreet)

By Shashwat Awasthi and Muvija M

Stocks mentioned in the article
ChangeLast1st jan.
BASICNET S.P.A. 2.14% 5.26 End-of-day quote.18.74%
DS SMITH 0.37% 377.7 Delayed Quote.25.86%
FERGUSON PLC -0.18% 6712 Delayed Quote.34.18%
FTSE 100 INDEX 0.28% 7234.11 End-of-day quote.0.00%
JUST GROUP PLC -1.40% 66.85 Delayed Quote.-26.10%
MARKS & SPENCER GROUP PLC -1.88% 185.15 Delayed Quote.-20.29%
NAKED WINES PLC -1.89% 259 Delayed Quote.6.88%
TESCO PLC -1.72% 233.9 Delayed Quote.25.04%
WPP GROUP 0.10% 1006.5 Delayed Quote.18.77%
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Latest news on FERGUSON PLC
10/24FERGUSON PLC : Ex-dividend day for final dividend
FA
10/04Dudley departure forms part of change of guard at UK Plc
RE
10/01UK stocks retreat as weak U.S. data adds to global growth fears
RE
10/01FERGUSON : posts annual profit beat, powered by stringent cost cuts
RE
09/17FERGUSON : Stellar completes new ferguson showroom, counter and warehouse
AQ
09/03Stocks fall as concerns over Brexit, global growth weigh
RE
09/03FERGUSON : to split off UK arm, new CEO to focus on U.S.
RE
07/28NELSON PELTZ : Activist Peltz's Trian urges Ferguson to sell UK business - Sky N..
RE
07/11Elliott outspends rivals as corporate activism turns to Germany
RE
06/14FERGUSON : Nelson Peltz May Want To Flush Plumbing Company Out Of Brexit Britain
AQ
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Financials (USD)
Sales 2020 22 671 M
EBIT 2020 1 652 M
Net income 2020 1 099 M
Debt 2020 1 688 M
Yield 2020 2,62%
P/E ratio 2020 18,1x
P/E ratio 2021 16,9x
EV / Sales2020 0,93x
EV / Sales2021 0,88x
Capitalization 19 477 M
Chart FERGUSON PLC
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Technical analysis trends FERGUSON PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 78,59  $
Last Close Price 86,34  $
Spread / Highest target 22,2%
Spread / Average Target -8,98%
Spread / Lowest Target -35,8%
EPS Revisions
Managers
NameTitle
John Walley Martin Chief Executive Officer & Executive Director
Gareth Davis Chairman
Mike Powell Chief Financial Officer & Executive Director
Mike Sajor Group Chief Information Officer
Kevin M. Murphy Executive Director & Chief Executive Officer-USA
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