Liberum Capital Reiterates Buy Rating for Wolseley plc (WOS)
Wolseley plc (LON:WOS)‘s stock had its “buy” rating restated by analysts at Liberum Capital in a note issued to investors on Monday. They currently have a GBX 4,700 ($61.35) price objective on the stock. Liberum Capital’s price target indicates a potential upside of 3.34% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Canaccord Genuity reissued a “hold” rating and issued a GBX 4,150 ($54.17) target price on shares of Wolseley plc in a research report on Monday, July 18th. BNP Paribas reissued an “underperform” rating and issued a GBX 4,200 ($54.82) target price on shares of Wolseley plc in a research report on Thursday, July 14th. Goldman Sachs Group Inc. reissued a “buy” rating and issued a GBX 4,226 ($55.16) target price on shares of Wolseley plc in a research report on Tuesday, June 28th. Jefferies Group decreased their target price on Wolseley plc from GBX 4,530 ($59.13) to GBX 4,330 ($56.52) and set a “buy” rating for the company in a research report on Monday, June 13th. Finally, JPMorgan Chase & Co. decreased their target price on Wolseley plc from GBX 4,400 ($57.43) to GBX 4,350 ($56.78) and set a ” neutral” rating for the company in a research report on Friday, September 30th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 4,280.18 ($55.87).
Wolseley plc (LON:WOS) opened at 4530.373 on Monday. Wolseley plc has a 52 week low of GBX 3,214.00 and a 52 week high of GBX 4,569.00. The company has a 50 day moving average of GBX 4,362.86 and a 200 day moving average of GBX 4,048.53. The stock’s market capitalization is GBX 11.48 billion.
The business also recently disclosed a dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, October 27th will be given a GBX 66.72 ($0.87) dividend. The ex-dividend date is Thursday, October 27th. This is a positive change from Wolseley plc’s previous dividend of $33.28. This represents a yield of 1.57%.
In related news, insider Shoylekov,Richard sold 352 shares of the business’s stock in a transaction dated Monday, July 18th. The stock was 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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