Ferguson Reaches Analyst Target Price
February 03, 2023 at 07:38 AM EST
In recent trading, shares of Ferguson PLC (FERG) have crossed above the average analyst 12-month target price of $145.26, changing hands for $148.88/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..