Wolseley plc (WOS) PT Raised to GBX 5,350
Wolseley plc (LON:WOS) had its price objective upped by research analysts at HSBC from GBX 4,450 ($55.60) to GBX 5,350 ($66.84) in a research report issued to clients and investors on Wednesday. The brokerage presently has a ” buy” rating on the stock. HSBC’s target price would indicate a potential upside of 15.78% from the stock’s current price.
A number of other analysts also recently commented on the company. Societe Generale reissued a “buy” rating and issued a GBX 4,600 ($57.47) price objective on shares of Wolseley plc in a research note on Friday, September 16th. Royal Bank Of Canada boosted their price objective on Wolseley plc from GBX 4,400 ($54.97) to GBX 4,900 ($61.22) and gave the stock an “outperform” rating in a research note on Thursday, October 13th. Liberum Capital reissued a “buy” rating and issued a GBX 4,650 ($58.10) price objective on shares of Wolseley plc in a research note on Tuesday, September 27th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 4,400 ($54.97) price objective on shares of Wolseley plc in a research note on Wednesday, September 28th. Finally, Barclays PLC boosted their price objective on Wolseley plc from GBX 4,400 ($54.97) to GBX 5,000 ($62.47) and gave the stock an “overweight” rating in a research note on Thursday, September 15th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. Wolseley plc currently has an average rating of “Hold” and a consensus target price of GBX 4,383.05 ($54.76).
Shares of Wolseley plc (LON:WOS) opened at 4726.00 on Wednesday. Wolseley plc has a 52 week low of GBX 3,214.00 and a 52 week high of GBX 4,776.00. The firm has a 50-day moving average price of GBX 4,448.59 and a 200-day moving average price of GBX 4,170.39. The firm’s market capitalization is GBX 11.84 billion.
The company also recently announced a dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, October 27th will be paid a GBX 66.72 ($0.83) dividend. The ex-dividend date is Thursday, October 27th. This represents a yield of 1.57%. This is an increase from Wolseley plc’s previous dividend of $33.28.
In other Wolseley plc news, insider Frank Roach sold 40,880 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of GBX 4,199 ($52.46), for a total value of £1,716,551.20 ($2,144,616.69).
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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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