Wolseley plc (WOS) Stock Rating Reaffirmed by Barclays PLC
Wolseley plc (LON:WOS)‘s stock had its “overweight” rating restated by investment analysts at Barclays PLC in a research report issued on Wednesday. They presently have a GBX 5,000 ($65.27) price target on the stock. Barclays PLC’s target price would suggest a potential upside of 16.06% from the company’s previous close.
A number of other brokerages also recently issued reports on WOS. Canaccord Genuity reaffirmed a “hold” rating and set a GBX 4,150 ($54.17) price target on shares of Wolseley plc in a report on Monday, July 4th. Citigroup Inc. cut shares of Wolseley plc to a “neutral” rating and set a GBX 4,150 ($54.17) price objective on the stock. in a research note on Thursday, June 2nd. Peel Hunt reiterated a “hold” rating and issued a GBX 3,890 ($50.78) price objective on shares of Wolseley plc in a research note on Wednesday, June 1st. BNP Paribas reiterated an “underperform” rating and issued a GBX 3,730 ($48.69) price objective on shares of Wolseley plc in a research note on Tuesday, June 21st. Finally, Royal Bank Of Canada upgraded shares of Wolseley plc to an “outperform” rating and increased their price objective for the stock from GBX 3,400 ($44.38) to GBX 4,000 ($52.21) in a research note on Thursday, June 9th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued 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 4308.00 on Wednesday. The stock’s market cap is GBX 10.99 billion. Wolseley plc has a 1-year low of GBX 3,214.00 and a 1-year high of GBX 4,458.00. The firm has a 50-day moving average of GBX 4,330.62 and a 200-day moving average of GBX 4,023.64.
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 dividend of GBX 66.72 ($0.87) per share. This represents a yield of 1.57%. This is a positive change from Wolseley plc’s previous dividend of $33.28. The ex-dividend date is Thursday, October 27th.
In other 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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