Wolseley Stock Rating Reaffirmed by Deutsche Bank (WOS)
Wolseley (LON:WOS)‘s stock had its “buy” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Monday, American Banking & Market News reports. They currently have a GBX 3,400 ($54.46) price objective on the stock. Deutsche Bank’s price objective points to a potential upside of 1.40% from the company’s current price.
A number of other firms have also recently commented on WOS. Analysts at Panmure Gordon upgraded shares of Wolseley (LON:WOS) to a “hold” rating in a research note to investors on Wednesday, September 18th. They now have a GBX 3,620 ($57.98) price target on the stock, up previously from GBX 2,500 ($40.04). Separately, analysts at Credit Suisse downgraded shares of Wolseley (LON:WOS) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, September 16th. They now have a GBX 3,700 ($59.27) price target on the stock. Finally, 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, September 11th.
One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company. Wolseley presently has an average rating of “Hold” and a consensus target price of GBX 3,415.71 ($54.71).
Shares of Wolseley (LON:WOS) traded down 0.74% on Monday, hitting GBX 3353.00. 293,994 shares of the company’s stock traded hands. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0.. The company’s market cap is £9.022 billion.
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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