Wolseley plc (WOS) Receives Buy Rating from Liberum Capital
Several other brokerages have also recently issued reports on WOS. Canaccord Genuity reissued a hold rating and set a GBX 4,150 ($54.17) price objective on shares of Wolseley plc in a research note on Monday, July 4th. Citigroup Inc. cut shares of Wolseley plc to a neutral rating and set a GBX 4,150 ($54.17) price objective for the company. in a research note on Thursday, June 2nd. Peel Hunt reissued a hold rating and set a GBX 3,890 ($50.78) price objective on shares of Wolseley plc in a research note on Wednesday, June 1st. BNP Paribas reissued an underperform rating and set a GBX 3,730 ($48.69) price objective on shares of Wolseley plc in a research note on Tuesday, June 21st. Finally, Royal Bank Of Canada raised shares of Wolseley plc to an outperform rating and boosted their price objective for the company from GBX 3,400 ($44.38) to GBX 4,000 ($52.21) in a research note on Thursday, June 9th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of GBX 4,253.64 ($55.52).
Wolseley plc (LON:WOS) opened at 4256.00 on Tuesday. Wolseley plc has a 52-week low of GBX 3,214.00 and a 52-week high of GBX 4,458.00. The stock’s market capitalization is GBX 10.86 billion. The stock’s 50 day moving average price is GBX 4,325.14 and its 200 day moving average price is GBX 4,018.06.
The firm also recently disclosed a dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, October 27th will be paid a dividend of GBX 66.72 ($0.87) per share. This is a positive change from Wolseley plc’s previous dividend of $33.28. The ex-dividend date of this dividend is Thursday, October 27th. This represents a yield of 1.57%.
In related news, insider Shoylekov,Richard sold 352 shares of the stock in a transaction dated Monday, July 18th. The shares were sold at an average price of GBX 4,093 ($53.43), for a total transaction of £14,407.36 ($18,806.11).
About Wolseley plc
Wolseley plc is a Switzerland-based specialist trade distributor of plumbing and heating products and building materials in North America, the United Kingdom and Continental Europe. The Company operates in seven segments: USA, UK, Canada, Nordic, France, Central and Eastern Europe, and Group. The Group has a network of distribution centers which serve branches for its plumbing and heating businesses with 2,917 branches across 11 countries.
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