Analysts Set Wolseley plc (WOS) Price Target at $4,353.05
Wolseley plc (LON:WOS) has been assigned a consensus recommendation of “Hold” from the twenty-three analysts that are covering the stock. Two research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 4,353.05 ($53.92).
A number of equities analysts recently issued reports on the stock. Canaccord Genuity reaffirmed a “hold” rating and set a GBX 4,150 ($51.41) target price on shares of Wolseley plc in a research report on Monday, July 18th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 5,000 ($61.93) target price on shares of Wolseley plc in a research report on Thursday. JPMorgan Chase & Co. dropped their target price on shares of Wolseley plc from GBX 4,400 ($54.50) to GBX 4,350 ($53.88) and set a ” neutral” rating on the stock in a research report on Friday, September 30th. Jefferies Group dropped their target price on shares of Wolseley plc from GBX 4,180 ($51.78) to GBX 4,140 ($51.28) and set a “hold” rating on the stock in a research report on Tuesday, October 4th. Finally, Peel Hunt lowered shares of Wolseley plc to a “reduce” rating and set a GBX 4,075 ($50.48) target price on the stock. in a research report on Tuesday, September 27th.
Shares of Wolseley plc (LON:WOS) opened at 4498.00 on Monday. The company’s market capitalization is GBX 11.27 billion. The company has a 50-day moving average of GBX 4,399.97 and a 200 day moving average of GBX 4,132.21. Wolseley plc has a 12 month low of GBX 3,214.00 and a 12 month high of GBX 4,723.00.
The company also recently disclosed a dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, October 27th will be issued a dividend of GBX 66.72 ($0.83) per share. This is a boost from Wolseley plc’s previous dividend of $33.28. This represents a yield of 1.57%. The ex-dividend date of this dividend is Thursday, October 27th.
In other news, insider Frank Roach sold 40,880 shares of the company’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of GBX 4,199 ($52.01), for a total value of £1,716,551.20 ($2,126,286.63).
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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