Wolseley plc (WOS) Earns “Overweight” Rating from Barclays PLC
Barclays PLC restated their overweight rating on shares of Wolseley plc (LON:WOS) in a research note issued to investors on Thursday morning. They currently have a GBX 5,000 ($62.47) price objective on the stock.
A number of other analysts also recently commented on WOS. BNP Paribas restated an underperform rating and set a GBX 4,200 ($52.47) price objective on shares of Wolseley plc in a report on Thursday, July 14th. Canaccord Genuity restated a hold rating and set a GBX 4,150 ($51.85) price objective on shares of Wolseley plc in a report on Monday, July 18th. Credit Suisse Group AG reiterated an outperform rating and issued a GBX 4,600 ($57.47) price target on shares of Wolseley plc in a report on Wednesday, July 27th. Jefferies Group downgraded Wolseley plc to a hold rating and increased their price target for the company from GBX 3,980 ($49.73) to GBX 4,180 ($52.22) in a report on Friday, August 5th. Finally, Societe Generale reiterated a buy rating and issued a GBX 4,600 ($57.47) price target on shares of Wolseley plc in a report on Friday, September 16th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 4,340.19 ($54.23).
Shares of Wolseley plc (LON:WOS) opened at 4623.00 on Thursday. The stock’s 50 day moving average price is GBX 4,405.75 and its 200-day moving average price is GBX 4,140.10. Wolseley plc has a 52-week low of GBX 3,214.00 and a 52-week high of GBX 4,723.00. The firm’s market cap is GBX 11.59 billion.
The company also recently disclosed 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 of this dividend is Thursday, October 27th. This represents a yield of 1.57%.
In other Wolseley plc news, insider Frank Roach sold 40,880 shares of Wolseley plc stock in a transaction on Monday, November 7th. The shares were sold at an average price of GBX 4,199 ($52.46), for a total transaction of £1,716,551.20 ($2,144,616.69).
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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