Wolseley plc (LON:WOS) Receives Consensus Recommendation of “Hold” from Analysts
Wolseley plc (LON:WOS) has been given a consensus recommendation of “Hold” by the twenty-four brokerages that are presently covering the firm. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 4,260.95 ($55.62).
Several equities analysts have commented on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 4,400 ($57.43) target price on shares of Wolseley plc in a report on Tuesday, September 20th. Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 4,600 ($60.04) target price on shares of Wolseley plc in a report on Wednesday, July 27th. Canaccord Genuity reissued a “hold” rating and issued a GBX 4,340 ($56.65) target price on shares of Wolseley plc in a report on Tuesday. Jefferies Group lowered shares of Wolseley plc to a “hold” rating and lifted their price target for the company from GBX 3,980 ($51.95) to GBX 4,180 ($54.56) in a report on Friday, August 5th. Finally, Peel Hunt lifted their price target on shares of Wolseley plc from GBX 3,890 ($50.78) to GBX 4,075 ($53.19) and gave the company a “hold” rating in a report on Tuesday, July 12th.
Shares of Wolseley plc (LON:WOS) traded up 1.09% during trading on Friday, reaching GBX 4355.00. 945,652 shares of the company traded hands. The company has a 50 day moving average price of GBX 4,330.62 and a 200 day moving average price of GBX 4,023.64. Wolseley plc has a 12-month low of GBX 3,214.00 and a 12-month high of GBX 4,458.00. The firm’s market capitalization is GBX 11.04 billion.
The firm also recently declared a dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, October 27th will be paid a dividend of GBX 66.72 ($0.87) per share. This represents a yield of 1.57%. The ex-dividend date is Thursday, October 27th. This is a positive change from Wolseley plc’s previous dividend of $33.28.
In other Wolseley plc news, insider Shoylekov,Richard sold 352 shares of the business’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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