Ferguson cancels London Stock Exchange listing

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Reviewed by
Ashish TScanX News Team
Key Highlights

Ferguson Enterprises Inc. has cancelled its secondary listing on the London Stock Exchange effective July 20, 2026. The company retains its NYSE listing and reported sales of $31.3 billion for CY’25.

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Ferguson Enterprises Inc. has cancelled the secondary listing of its common stock on the London Stock Exchange’s main market for listed securities. The cancellation, which includes the removal from the U.K. Financial Conduct Authority’s Official List, took effect at 08:00 a.m. U.K. time on July 20, 2026. The company retains its listing of common stock on the New York Stock Exchange under the ticker FERG.

The company previously announced its intention to delist from London on June 16, 2026. Following the completion of this process, referred to as the London Delisting, Ferguson continues to focus on its North American operations. The company has prepared an FAQ document for shareholders regarding the delisting, available on the Managing Your Shares page of its investor relations website.

Company Overview

Ferguson operates as North America’s largest value-added distributor of water and air solutions. The company serves professionals in the residential and non-residential construction markets, which it estimates at $340B. Its product portfolio includes plumbing, HVAC, appliances, lighting, PVF, and water and wastewater solutions.

Key Financial Metrics

Metric Value
Sales (CY’25) $31.3 billion
Associates Approximately 35,000
Locations Over 1,700

Headquartered in Newport News, Va., Ferguson reported sales of $31.3 billion for the calendar year 2025. The company employs approximately 35,000 associates across more than 1,700 locations.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How will the delisting impact liquidity for Ferguson's remaining shareholders on the NYSE?

What cost savings does Ferguson expect to realize by eliminating the dual-listing structure?

Will the company reinvest the administrative savings from the delisting into its North American expansion?

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Zelman upgrades Ferguson Enterprises to Outperform with $285 target

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Reviewed by
Radhika SScanX News Team
Key Highlights

Zelman & Assoc upgraded Ferguson Enterprises from Neutral to Outperform and set a price target of $285.

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Zelman & Assoc has upgraded Ferguson Enterprises to Outperform from Neutral, citing a positive outlook for the company. The firm established a price target of $285 for the stock.

The rating upgrade reflects increased confidence in Ferguson Enterprises' performance potential. The new price target provides a specific valuation benchmark for investors following the NYSE-listed stock.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

What specific market trends are driving Zelman & Assoc's increased confidence in Ferguson Enterprises?

How might this rating upgrade influence investor sentiment and trading volume in the short term?

What are the potential risks that could prevent Ferguson Enterprises from reaching the $285 price target?

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