Ferguson Enterprises's 15min chart triggers KDJ Golden Cross, bullish Marubozu formation.

Ferguson Enterprises' 15-minute chart has recently triggered a KDJ Golden Cross, coupled with a Bullish Marubozu at 08/04/2023 15:15. This technical development indicates a shift in the momentum of the stock price towards a more positive direction, suggesting a potential increase in value. The dominance of buyers in the market has led to a bullish momentum that is likely to persist in the near future.

Ferguson PLC (NYSE: FERG) stock reached a new 52-week high, hitting 227.95 USD, marking a significant milestone for the $44.88 billion market cap company. According to InvestingPro data, the stock has delivered impressive returns with a 31.94% gain year-to-date. This peak reflects strong momentum, with the stock surging 25.93% over the past six months. The 52-week high indicates investor confidence in Ferguson PLC’s market position and potential for future growth [1].

The recent 15-minute chart of Ferguson Enterprises' stock has triggered a KDJ Golden Cross, coupled with a Bullish Marubozu at 08/04/2023 15:15. This technical development indicates a shift in the momentum of the stock price towards a more positive direction, suggesting a potential increase in value. The dominance of buyers in the market has led to a bullish momentum that is likely to persist in the near future [2].

InvestingPro analysis reveals 11 additional bullish indicators and a comprehensive Pro Research Report, offering deeper insights into the company’s valuation and growth prospects. Goldman Sachs initiated coverage on Ferguson with a buy rating and a price target of $280, highlighting improved pricing trends and execution, along with a reported 5% organic growth in the company’s third-quarter fiscal 2025 results [1]. Morgan Stanley has raised its price target for Ferguson to $220, maintaining an Overweight rating, as they anticipate stronger organic growth and have increased their margin forecast to 9.0% [1].

On the other hand, Berenberg analysts downgraded Ferguson’s stock rating to Hold from Buy after a significant surge in the company’s share price, although they raised the price target to $215 and increased their earnings per share forecasts by 4% for fiscal year 2025 [1]. UBS also increased its price target for Ferguson to $204 from $173, maintaining a Neutral rating, and revised their earnings per share estimates upward for fiscal years 2025 to 2027, citing improved revenue and margin expectations [1].

These developments reflect a period of active analyst engagement with Ferguson, with various firms adjusting their outlooks based on the company’s recent financial performance and market conditions.

References:
[1] https://www.investing.com/news/company-news/ferguson-plc-stock-hits-52week-high-at-22795-usd-93CH-4160332
[2] https://www.fxstreet.com/cryptocurrencies/news/top-crypto-gainers-ethena-conflux-stellar-signal-bullish-reversal-with-double-digit-gains-202508040321