Wolseley’s “Buy” Rating Reaffirmed at Deutsche Bank (WOS)
Wolseley (LON:WOS)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Friday, American Banking and Market News reports. They currently have a GBX 3,400 ($53.16) price objective on the stock. Deutsche Bank’s price objective would suggest a potential upside of 0.59% from the stock’s previous close.
Shares of Wolseley (LON:WOS) traded up 0.12% during mid-day trading on Friday, hitting GBX 3384.00. The stock had a trading volume of 440,756 shares. The stock’s 50-day moving average is GBX 0. and its 200-day moving average is GBX 0.. The company’s market cap is £9.105 billion.
Several other analysts have also recently commented on the stock. Analysts at HSBC upgraded shares of Wolseley (LON:WOS) from a “neutral” rating to an “overweight” rating in a research note to investors on Wednesday. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Wolseley (LON:WOS) in a research note to investors on Wednesday. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Wolseley (LON:WOS) in a research note to investors on Friday, August 30th. They now have a GBX 3,500 ($54.72) price target on the stock.
Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. Wolseley presently has a consensus rating of “Hold” and a consensus target price of GBX 3,364.46 ($52.60).
Wolseley plc is a specialist trade distributor of plumbing and heating products to professional contractors and a supplier of building materials in North America, the United Kingdom and Continental Europe.
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