Wolseley plc (WOS) Price Target Cut to GBX 4,140 by Analysts at Jefferies Group
WOS has been the subject of several other research reports. BNP Paribas reaffirmed an underperform rating and issued a GBX 3,910 ($51.04) price target on shares of Wolseley plc in a report on Thursday, June 30th. Liberum Capital reissued a buy rating and issued a GBX 4,100 ($53.52) target price on shares of Wolseley plc in a report on Tuesday, July 12th. Societe Generale reissued a buy rating and issued a GBX 4,600 ($60.04) target price on shares of Wolseley plc in a report on Friday, September 16th. JPMorgan Chase & Co. cut Wolseley plc to a neutral rating and dropped their target price for the stock from GBX 4,300 ($56.13) to GBX 4,100 ($53.52) in a report on Monday, June 6th. Finally, Barclays PLC reissued an overweight rating and issued a GBX 4,400 ($57.43) target price on shares of Wolseley plc in a report on Monday, July 11th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of GBX 4,280.18 ($55.87).
Wolseley plc (LON:WOS) opened at 4461.00 on Tuesday. The firm’s market cap is GBX 11.31 billion. The firm’s 50-day moving average price is GBX 4,344.24 and its 200-day moving average price is GBX 4,037.49. Wolseley plc has a 12 month low of GBX 3,214.00 and a 12 month high of GBX 4,569.00.
The company also recently announced 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 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 news, insider Shoylekov,Richard sold 352 shares of the company’s stock in a transaction that occurred on Monday, July 18th. The shares were 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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