Wolseley Price Target Increased to GBX 2,510 by Analysts at Jefferies Group (WOS)
Analysts at Jefferies Group upped their price target on shares of Wolseley (LON:WOS) from GBX 2,480 ($39.72) to GBX 2,510 ($40.21) in a research report issued to clients and investors on Friday, AnalystRatingsNetwork reports. The firm currently has an “underperform” rating on the stock. Jefferies Group’s price objective points to a potential downside of 22.55% from the stock’s previous close.
A number of other analysts have also recently weighed in on WOS. Analysts at Davy Research reiterated a “neutral” rating on shares of Wolseley (LON:WOS) in a research note to investors on Thursday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Wolseley (LON:WOS) in a research note to investors on Monday. They now have a GBX 3,400 ($54.46) price target on the stock. Finally, 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). One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 3,420.65 ($54.79).
Shares of Wolseley (LON:WOS) traded down 1.67% during mid-day trading on Friday, hitting GBX 3241.00. The stock had a trading volume of 458,713 shares. Wolseley has a 1-year low of GBX 2718.1819 and a 1-year high of GBX 3483.0002. 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 £8.721 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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