Wolseley plc (WOS) Price Target Raised to GBX 4,700 at Liberum Capital
Several other brokerages also recently weighed in on WOS. Canaccord Genuity increased their target price on Wolseley plc from GBX 4,150 ($54.17) to GBX 4,340 ($56.65) and gave the company a buy rating in a research note on Tuesday, September 6th. Goldman Sachs Group Inc. began coverage on Wolseley plc in a research report on Tuesday. They issued a neutral rating and a GBX 4,600 ($60.04) price objective for the company. Jefferies Group reduced their price objective on Wolseley plc from GBX 4,180 ($54.56) to GBX 4,140 ($54.04) and set a hold rating for the company in a research report on Tuesday. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 4,400 ($57.43) price objective on shares of Wolseley plc in a research report on Tuesday, September 20th. Finally, BNP Paribas reiterated an underperform rating and issued a GBX 4,200 ($54.82) price objective on shares of Wolseley plc in a research report on Monday, September 26th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target 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 firm also recently announced 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 is a boost from Wolseley plc’s previous dividend of $33.28. This represents a yield of 1.57%. The ex-dividend date of this dividend is Thursday, October 27th.
In other Wolseley plc 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 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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