Wolseley plc (WOS) Price Target Raised to GBX 4,850 at Societe Generale
A number of other brokerages also recently weighed in on WOS. Canaccord Genuity reiterated a hold rating and issued a GBX 4,150 ($54.17) target price on shares of Wolseley plc in a report on Monday, July 4th. Citigroup Inc. downgraded Wolseley plc to a neutral rating and set a GBX 4,150 ($54.17) target price on the stock. in a report on Thursday, June 2nd. Peel Hunt reiterated a hold rating and issued a GBX 3,890 ($50.78) target price on shares of Wolseley plc in a report on Wednesday, June 1st. BNP Paribas reiterated an underperform rating and issued a GBX 3,730 ($48.69) target price on shares of Wolseley plc in a report on Tuesday, June 21st. Finally, Barclays PLC reiterated an overweight rating and issued a GBX 5,000 ($65.27) target price on shares of Wolseley plc in a report on Wednesday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 4,262.73 ($55.64).
Wolseley plc (LON:WOS) opened at 4328.00 on Thursday. The firm’s market capitalization is GBX 10.97 billion. The company’s 50-day moving average is GBX 4,330.62 and its 200-day moving average is GBX 4,023.64. Wolseley plc has a 52-week low of GBX 3,214.00 and a 52-week high of GBX 4,458.00.
The business also recently disclosed a dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, October 27th will be issued a dividend of GBX 66.72 ($0.87) per share. This represents a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, October 27th. This is an increase from Wolseley plc’s previous dividend of $33.28.
In other Wolseley plc news, insider Shoylekov,Richard sold 352 shares of the stock in a transaction dated 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).
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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