Wolseley plc (WOS) Given New GBX 4,350 Price Target at JPMorgan Chase & Co.
Wolseley plc (LON:WOS) had its price target decreased by equities researchers at JPMorgan Chase & Co. from GBX 4,400 ($57.43) to GBX 4,350 ($56.78) in a research report issued to clients and investors on Friday. The brokerage presently has a ” neutral” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 0.97% from the stock’s previous close.
WOS has been the subject of several other reports. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 4,200 ($54.82) price target on shares of Wolseley plc in a report on Thursday, June 2nd. Deutsche Bank AG reiterated a “hold” rating and set a GBX 3,700 ($48.30) price objective on shares of Wolseley plc in a report on Thursday, June 2nd. BNP Paribas reiterated an “underperform” rating and set a GBX 3,910 ($51.04) price objective on shares of Wolseley plc in a report on Thursday, June 30th. Liberum Capital reiterated a “buy” rating and set a GBX 4,100 ($53.52) price objective on shares of Wolseley plc in a report on Tuesday, July 12th. Finally, Societe Generale reiterated a “buy” rating and set a GBX 4,600 ($60.04) price objective on shares of Wolseley plc in a report on Friday, September 16th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 4,262.73 ($55.64).
Wolseley plc (LON:WOS) opened at 4317.00 on Friday. The company’s market capitalization is GBX 11.01 billion. The firm 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 also recently declared a dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be paid a GBX 66.72 ($0.87) dividend. This is a positive change from Wolseley plc’s previous dividend of $33.28. The ex-dividend date of this dividend is Thursday, October 27th. 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).
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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