Investec Initiates Coverage on Wolseley PLC (WOSYY)
Stock analysts at Investec started coverage on shares of Wolseley PLC (OTCMKTS:WOSYY) in a research report issued on Wednesday. The brokerage set a “hold” rating on the stock.
Several other research firms also recently weighed in on WOSYY. Jefferies Group downgraded Wolseley PLC from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Liberum Capital raised Wolseley PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.75.
Shares of Wolseley PLC (OTCMKTS:WOSYY) traded down 0.18% during midday trading on Wednesday, reaching $5.44. The company’s stock had a trading volume of 68,255 shares. The firm’s 50 day moving average is $5.68 and its 200 day moving average is $5.55. The firm has a market capitalization of $13.79 billion, a price-to-earnings ratio of 16.57 and a beta of 1.12. Wolseley PLC has a 52 week low of $4.60 and a 52 week high of $6.06.
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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