Wolseley plc (WOSYY) Receives New Coverage from Analysts at Investec
Research analysts at Investec initiated coverage on shares of Wolseley plc (NASDAQ:WOSYY) in a note issued to investors on Wednesday. The firm set a “hold” rating on the stock.
Other research analysts have also recently issued reports about the stock. Liberum Capital upgraded shares of Wolseley plc from a “hold” rating to a “buy” rating in a report on Friday, June 17th. Zacks Investment Research upgraded shares of Wolseley plc from a “sell” rating to a “hold” rating in a report on Tuesday, August 30th. Jefferies Group cut shares of Wolseley plc from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Beaufort Securities reiterated a “hold” rating on shares of Wolseley plc in a report on Wednesday, September 28th. Finally, Goldman Sachs Group Inc. initiated coverage on shares of Wolseley plc in a report on Monday, October 3rd. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold”.
Shares of Wolseley plc (NASDAQ:WOSYY) traded up 0.18% during midday trading on Wednesday, hitting $5.46. 19,551 shares of the stock were exchanged. Wolseley plc has a 12 month low of $4.60 and a 12 month high of $6.06. The firm has a 50 day moving average of $5.68 and a 200-day moving average of $5.55. The stock has a market cap of $13.84 billion and a P/E ratio of 16.63.
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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