Wolseley plc (WOSYY) Stock Rating Lowered by Zacks Investment Research
Wolseley plc (NASDAQ:WOSYY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.
According to Zacks, “Wolseley is the world’s largest trade distributor of plumbing and heating products and a leading supplier of building materials. Wolseley operates in five geographic regions: the United States, Canada, the Nordic region, the United Kingdom and Central Europe and France. They supply customers in the new; repair, maintenance and improvement and civil infrastructure sectors. “
Several other research analysts have also recently weighed in on WOSYY. Jefferies Group cut shares of Wolseley plc from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Royal Bank Of Canada raised shares of Wolseley plc from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 9th. JPMorgan Chase & Co. cut shares of Wolseley plc from an “overweight” rating to a “neutral” rating in a report on Monday, June 6th. Liberum Capital raised shares of Wolseley plc from a “hold” rating to a “buy” rating in a report on Friday, June 17th. Finally, Beaufort Securities reissued a “hold” rating on shares of Wolseley plc in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold”.
Wolseley plc (NASDAQ:WOSYY) opened at 5.49 on Friday. The firm has a 50-day moving average of $5.68 and a 200 day moving average of $5.55. Wolseley plc has a one year low of $4.60 and a one year high of $6.06. The company has a market capitalization of $14.00 billion and a P/E ratio of 20.12.
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.
Receive News & Stock Ratings for Wolseley plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolseley plc and related stocks with our FREE daily email newsletter.