Wolseley plc (WOS) Given New GBX 4,900 Price Target at Royal Bank Of Canada
Wolseley plc (LON:WOS) had its target price increased by Royal Bank Of Canada from GBX 4,400 ($54.46) to GBX 4,900 ($60.64) in a report issued on Thursday morning. Royal Bank Of Canada currently has an outperform rating on the stock.
A number of other research analysts also recently issued reports on the stock. Canaccord Genuity reiterated a hold rating and set a GBX 4,150 ($51.36) target price on shares of Wolseley plc in a research report on Monday, July 4th. JPMorgan Chase & Co. dropped their target price on shares of Wolseley plc from GBX 4,400 ($54.46) to GBX 4,350 ($53.84) and set a neutral rating on the stock in a research report on Friday, September 30th. BNP Paribas reiterated an underperform rating and set a GBX 3,730 ($46.16) target price on shares of Wolseley plc in a research report on Tuesday, June 21st. Barclays PLC reiterated an overweight rating and set a GBX 5,000 ($61.88) target price on shares of Wolseley plc in a research report on Wednesday, September 28th. Finally, Credit Suisse Group AG reiterated an outperform rating and set a GBX 4,600 ($56.93) target price on shares of Wolseley plc in a research report on Wednesday, September 28th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 4,321.09 ($53.48).
Shares of Wolseley plc (LON:WOS) traded up 1.66% during mid-day trading on Thursday, reaching GBX 4586.00. 209,705 shares of the company’s stock were exchanged. The company’s market cap is GBX 11.63 billion. Wolseley plc has a 52-week low of GBX 3,214.00 and a 52-week high of GBX 4,605.00. The company’s 50-day moving average price is GBX 4,388.59 and its 200 day moving average price is GBX 4,065.99.
The firm also recently declared a dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, October 27th will be paid a GBX 66.72 ($0.83) dividend. This is a positive change from Wolseley plc’s previous dividend of $33.28. The ex-dividend date is Thursday, October 27th. This represents a yield of 1.57%.
In related news, insider Shoylekov,Richard sold 352 shares of the firm’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of GBX 4,093 ($50.66), for a total value of £14,407.36 ($17,830.89).
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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