Royal Bank Of Canada Boosts Wolseley plc (WOS) Price Target to GBX 4,900
Wolseley plc (LON:WOS) had its price target raised by equities research analysts at Royal Bank Of Canada from GBX 4,400 ($54.46) to GBX 4,900 ($60.64) in a research note issued on Thursday. The firm currently has a ” outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 8.96% from the company’s previous close.
WOS has been the subject of a number of other reports. BNP Paribas reissued an “underperform” rating and set a GBX 3,910 ($48.39) price target on shares of Wolseley plc in a research report on Thursday, June 30th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 4,100 ($50.74) target price on shares of Wolseley plc in a report on Tuesday, July 12th. Jefferies Group decreased their target price on shares of Wolseley plc from GBX 4,180 ($51.73) to GBX 4,140 ($51.24) and set a “hold” rating for the company in a report on Tuesday, October 4th. Societe Generale reaffirmed a “buy” rating and issued a GBX 4,600 ($56.93) target price on shares of Wolseley plc in a report on Friday, September 16th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a GBX 4,400 ($54.46) target price on shares of Wolseley plc in a report on Monday, July 11th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. Wolseley plc currently has a consensus rating of “Hold” and an average target price of GBX 4,321.09 ($53.48).
Shares of Wolseley plc (LON:WOS) traded up 0.31% during mid-day trading on Thursday, hitting GBX 4511.00. 506,019 shares of the company were exchanged. The company’s market capitalization is GBX 11.44 billion. The company has a 50 day moving average of GBX 4,383.95 and a 200 day moving average of GBX 4,062.87. Wolseley plc has a 52 week low of GBX 3,214.00 and a 52 week high of GBX 4,605.00.
The business also recently declared a dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be issued a GBX 66.72 ($0.83) dividend. The ex-dividend date 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 company’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of GBX 4,093 ($50.66), for a total value of £14,407.36 ($17,830.89).
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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