Wolseley plc (WOS) Given New GBX 4,240 Price Target at Numis Securities Ltd
Wolseley plc (LON:WOS) had its target price lifted by Numis Securities Ltd from GBX 3,845 ($50.19) to GBX 4,240 ($55.35) in a research report report published on Wednesday. The firm currently has a hold rating on the stock.
Several other equities analysts have also recently weighed in on the company. Barclays PLC reiterated an overweight rating and set a GBX 5,000 ($65.27) price objective on shares of Wolseley plc in a report on Wednesday. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 4,400 ($57.43) price objective on shares of Wolseley plc in a report on Wednesday. Beaufort Securities cut Wolseley plc to a hold rating in a report on Wednesday. Citigroup Inc. cut Wolseley plc to a neutral rating and set a GBX 4,150 ($54.17) price objective on the stock. in a report on Thursday, June 2nd. Finally, Credit Suisse Group AG reiterated an outperform rating and set a GBX 4,200 ($54.82) price objective on shares of Wolseley plc in a report on Thursday, June 2nd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company’s stock. Wolseley plc has a consensus rating of Hold and a consensus price target of GBX 4,265 ($55.67).
Wolseley plc (LON:WOS) opened at 4300.00 on Wednesday. Wolseley plc has a 12 month low of GBX 3,214.00 and a 12 month high of GBX 4,458.00. The company’s market cap is GBX 10.97 billion. The company has a 50-day moving average of GBX 4,327.97 and a 200-day moving average of GBX 4,021.63.
The business also recently announced a dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be given a dividend of GBX 66.72 ($0.87) per share. This represents a dividend yield of 1.57%. This is an increase from Wolseley plc’s previous dividend of $33.28. The ex-dividend date of this dividend is Thursday, October 27th.
In other news, insider Shoylekov,Richard sold 352 shares of the company’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of GBX 4,093 ($53.43), for a total transaction of £14,407.36 ($18,806.11).
Wolseley plc Company Profile
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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