Wolseley plc (WOS) Lowered to “Hold” at Beaufort Securities
A number of other equities analysts have also recently issued reports on the company. Barclays PLC reaffirmed an overweight rating and issued a GBX 5,000 ($65.27) target price on shares of Wolseley plc in a report on Wednesday. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 4,400 ($57.43) target price on shares of Wolseley plc in a report on Wednesday. Canaccord Genuity reissued a hold rating and issued a GBX 4,340 ($56.65) price target on shares of Wolseley plc in a research note on Tuesday. Liberum Capital reissued a buy rating and issued a GBX 4,650 ($60.70) price target on shares of Wolseley plc in a research note on Tuesday. Finally, Peel Hunt cut Wolseley plc to a reduce rating and set a GBX 4,075 ($53.19) price target for the company. in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 4,265 ($55.67).
Wolseley plc (LON:WOS) opened at 4300.00 on Wednesday. The firm’s market cap is GBX 10.97 billion. 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. Wolseley plc has a 12-month low of GBX 3,214.00 and a 12-month high of GBX 4,458.00.
The company also recently announced a dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, October 27th will be given a GBX 66.72 ($0.87) dividend. This is an increase from Wolseley plc’s previous dividend of $33.28. This represents a yield of 1.57%. The ex-dividend date of this dividend is Thursday, October 27th.
In other Wolseley plc news, insider Shoylekov,Richard sold 352 shares of the firm’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 value 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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