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home / news releases / FERG - Ferguson plc: A Market Leader Trading At A Premium Valuation

FERG - Ferguson plc: A Market Leader Trading At A Premium Valuation

Ferguson plc

2024-06-30 03:23:22 ET

Summary

  • Ferguson has had a strong run-up in 2023 but is now cooling off, facing deflation issues that could impact revenues.
  • FERG is a market leader in various sectors in North America, with a $340 billion market opportunity and strong financial performance.
  • Despite a premium valuation, FERG's technical analysis suggests a correction may be imminent, making it a potential buy at $180 for long-term growth.

Thesis

For further details see:

Ferguson plc: A Market Leader Trading At A Premium Valuation
Stock Information
Company Name: Ferguson plc
Stock Symbol: FERG
Market: NYSE
Website: fergusonplc.com
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