Wolseley plc (WOSYY) Stock Rating Upgraded by Zacks Investment Research
Wolseley plc (NASDAQ:WOSYY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “Wolseley is the world’s largest trade distributor of plumbing and heating products and a leading supplier of building materials. Wolseley operates in five geographic regions: the United States, Canada, the Nordic region, the United Kingdom and Central Europe and France. They supply customers in the new; repair, maintenance and improvement and civil infrastructure sectors. “
Other equities analysts have also recently issued research reports about the company. Jefferies Group cut Wolseley plc from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Beaufort Securities reiterated a “hold” rating on shares of Wolseley plc in a report on Wednesday, September 28th. Goldman Sachs Group Inc. assumed coverage on Wolseley plc in a report on Monday, October 3rd. They set a “neutral” rating on the stock. Finally, Investec started coverage on Wolseley plc in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Wolseley plc currently has a consensus rating of “Hold”.
Shares of Wolseley plc (NASDAQ:WOSYY) opened at 5.80 on Tuesday. The stock has a 50 day moving average price of $0.00 and a 200 day moving average price of $0.00. Wolseley plc has a 52-week low of $4.60 and a 52-week high of $6.06.
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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