Wolseley plc (WOS) Receives Outperform Rating from Credit Suisse Group AG
Credit Suisse Group AG reissued their outperform rating on shares of Wolseley plc (LON:WOS) in a research note published on Wednesday morning. Credit Suisse Group AG currently has a GBX 4,600 ($60.04) price target on the stock.
A number of other research firms also recently weighed in on WOS. Canaccord Genuity upped their target price on Wolseley plc from GBX 4,150 ($54.17) to GBX 4,340 ($56.65) and gave the company a buy rating in a research report on Tuesday, September 6th. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 4,400 ($57.43) target price on shares of Wolseley plc in a research report on Tuesday, September 20th. Liberum Capital reiterated a buy rating and set a GBX 4,650 ($60.70) target price on shares of Wolseley plc in a research report on Tuesday, September 20th. BNP Paribas reiterated an underperform rating and set a GBX 4,200 ($54.82) target price on shares of Wolseley plc in a research report on Monday. Finally, Societe Generale reiterated a buy rating and set a GBX 4,600 ($60.04) target price on shares of Wolseley plc in a research report on Friday, September 16th. Two 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 currently 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. The firm’s 50 day moving average price is GBX 4,327.97 and its 200-day moving average price is GBX 4,021.63. The company’s market capitalization is GBX 10.97 billion. Wolseley plc has a one year low of GBX 3,214.00 and a one year high of GBX 4,458.00.
The company also recently disclosed a dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, October 27th will be paid a GBX 66.72 ($0.87) dividend. This represents a yield of 1.57%. The ex-dividend date is Thursday, October 27th. This is a boost from Wolseley plc’s previous dividend of $33.28.
In other Wolseley plc news, insider Shoylekov,Richard sold 352 shares of the firm’s stock in a transaction that occurred 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).
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.
Receive News & Stock Ratings for Wolseley plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolseley plc and related stocks with our FREE daily email newsletter.