Wolseley plc’s (WOS) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.
JPMorgan Chase & Co. reissued their neutral rating on shares of Wolseley plc (LON:WOS) in a research report sent to investors on Wednesday. JPMorgan Chase & Co. currently has a GBX 4,400 ($57.43) price target on the stock.
WOS has been the subject of several other research reports. Canaccord Genuity raised their target price on Wolseley plc from GBX 4,150 ($54.17) to GBX 4,340 ($56.65) and gave the stock a buy rating in a research note on Tuesday, September 6th. Liberum Capital reaffirmed a buy rating and set a GBX 4,650 ($60.70) target price on shares of Wolseley plc in a research note on Tuesday, September 20th. BNP Paribas reaffirmed an underperform rating and set a GBX 4,200 ($54.82) target price on shares of Wolseley plc in a research note on Monday. Societe Generale reaffirmed a buy rating and set a GBX 4,600 ($60.04) target price on shares of Wolseley plc in a research note on Friday, September 16th. Finally, Barclays PLC raised their target price on Wolseley plc from GBX 4,400 ($57.43) to GBX 5,000 ($65.27) and gave the stock an overweight rating in a research note on Thursday, September 15th. 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 4,265 ($55.67).
Shares of Wolseley plc (LON:WOS) opened at 4300.00 on Wednesday. Wolseley plc has a 52 week low of GBX 3,214.00 and a 52 week high of GBX 4,458.00. The firm’s market capitalization is GBX 10.97 billion. The stock 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 business also recently declared a dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be given a GBX 66.72 ($0.87) dividend. The ex-dividend date is Thursday, October 27th. This is a boost from Wolseley plc’s previous dividend of $33.28. This represents a dividend yield of 1.57%.
In other news, insider Shoylekov,Richard sold 352 shares of Wolseley plc 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).
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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