Wolseley plc (WOS) Receives New Coverage from Analysts at Goldman Sachs Group Inc.
Goldman Sachs Group Inc. assumed coverage on shares of Wolseley plc (LON:WOS) in a research note published on Tuesday. The firm issued a neutral rating and a GBX 4,600 ($60.04) price target on the stock.
Other research analysts have also issued reports about the company. JPMorgan Chase & Co. dropped their target price on Wolseley plc from GBX 4,400 ($57.43) to GBX 4,350 ($56.78) and set a neutral rating on the stock in a research report on Friday, September 30th. Jefferies Group dropped their target price on Wolseley plc from GBX 4,330 ($56.52) to GBX 3,980 ($51.95) and set a buy rating on the stock in a research report on Wednesday, June 29th. Liberum Capital raised Wolseley plc to a buy rating and set a GBX 4,100 ($53.52) target price on the stock in a research report on Friday, June 17th. Canaccord Genuity upped their target price on Wolseley plc from GBX 4,150 ($54.17) to GBX 4,340 ($56.65) and gave the stock a buy rating in a research report on Tuesday, September 6th. Finally, Societe Generale reaffirmed a buy rating and issued a GBX 4,600 ($60.04) target price on shares of Wolseley plc in a research report on Friday, September 16th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of GBX 4,280.18 ($55.87).
Shares of Wolseley plc (LON:WOS) opened at 4461.00 on Tuesday. 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 stock’s market capitalization is GBX 11.31 billion.
The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, October 27th. This is a boost from Wolseley plc’s previous dividend of $33.28. This represents a dividend yield of 1.57%.
In other news, insider Shoylekov,Richard sold 352 shares of the 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 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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