5 Best UK Stocks To Buy Now

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In this article, we discuss 5 best UK stocks to buy now. If you want to see more stocks in this selection, click 11 Best UK Stocks To Buy Now

5. Ferguson plc (NYSE:FERG)

Number of Hedge Fund Holders: 32

Ferguson plc (NYSE:FERG) was founded in 1887 and is headquartered in Wokingham, the United Kingdom. The company distributes plumbing and heating products in the United States and Canada. On October 13, Ferguson plc (NYSE:FERG) announced a series of financing transactions to increase its liquidity by $800 million to fund general corporate expenses. Ferguson plc (NYSE:FERG) is one of the top UK stocks to monitor. 

JPMorgan analyst Elodie Rall on September 30 maintained an Overweight rating on Ferguson plc (NYSE:FERG) but lowered the firm’s price target on the shares to 12,500 GBp from 13,200 GBp. 

Among the hedge funds tracked by Insider Monkey, Brian Ashford-Russell and Tim Woolley’s Polar Capital is the largest stakeholder of Ferguson plc (NYSE:FERG), with a position worth over $4 billion. Overall, at the end of the second quarter of 2022, 32 hedge funds were long Ferguson plc (NYSE:FERG), up from 18 funds in the preceding quarter. 

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