Peel Hunt Downgrades Wolseley plc (WOS) to Reduce
Wolseley plc (LON:WOS) was downgraded by Peel Hunt to a “reduce” rating in a report released on Tuesday. They currently have a GBX 4,075 ($53.19) price target on the stock. Peel Hunt’s price objective points to a potential downside of 4.34% from the company’s current price.
Several other brokerages have also commented on WOS. Canaccord Genuity reissued a “hold” rating and set a GBX 4,150 ($54.17) price target on shares of Wolseley plc in a research note on Monday, July 4th. Citigroup Inc. lowered Wolseley plc to a “neutral” rating and set a GBX 4,150 ($54.17) price target on the stock. in a research note on Thursday, June 2nd. BNP Paribas reissued an “underperform” rating and set a GBX 3,730 ($48.69) price target on shares of Wolseley plc in a research note on Tuesday, June 21st. Royal Bank Of Canada raised Wolseley plc to an “outperform” rating and boosted their price target for the stock from GBX 3,400 ($44.38) to GBX 4,000 ($52.21) in a research note on Thursday, June 9th. Finally, Natixis reissued a “neutral” rating and set a GBX 3,900 ($50.91) price target on shares of Wolseley plc in a research note on Thursday, June 2nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. 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 4260.00 on Tuesday. Wolseley plc has a 12 month low of GBX 3,214.00 and a 12 month high of GBX 4,458.00. The company has a 50-day moving average price of GBX 4,327.97 and a 200 day moving average price of GBX 4,021.63. The stock’s market capitalization is GBX 10751.63 billion.
The firm also recently declared a dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, October 27th will be given a dividend of GBX 66.72 ($0.87) per share. This represents a yield of 1.57%. This is a boost from Wolseley plc’s previous dividend of $33.28. The ex-dividend date of this dividend is Thursday, October 27th.
In related news, insider Shoylekov,Richard sold 352 shares of the company’s stock in a transaction on 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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