Britain's Ferguson Plc climbs on Q1 sales growth

Ferguson Enterprises

06/12/2022 19:57

** U.S.-listed shares  FERG.N  of British plumbing equipment
supplier Ferguson Plc up 5% at $121.50
    ** Company's Q1 sales up 16.6%  urn:newsml:reuters.com:*:nACSnFVWfa
    ** "We appropriately managed costs to position the business
for macro economic headwinds" - CEO Kevin Murphy
    ** Company keeps its FY2023 forecast unchanged
    ** 9 of 13 brokerages rate the stock "buy" or higher, 3
"hold" and 1 "sell"; median PT $130 - Refinitiv
    ** Including session's gains, company's shares down 32.2%
YTD
 (Reporting by Sourasis Bose in Bengaluru)
 ((sourasis.bose@thomsonreuters.com))