Citigroup Inc. Reiterates “Buy” Rating for Wolseley (WOS)
Wolseley (LON:WOS)‘s stock had its “buy” rating restated by stock analysts at Citigroup Inc. in a report issued on Tuesday, American Banking & Market News reports. They currently have a GBX 3,600 ($58.08) price target on the stock. Citigroup Inc.’s price objective points to a potential upside of 12.61% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Shore Capital Stockbrokers reiterated a “buy” rating on shares of Wolseley (LON:WOS) in a research note to investors on Tuesday. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Wolseley (LON:WOS) in a research note to investors on Tuesday. They now have a GBX 3,540 ($57.12) price target on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Wolseley (LON:WOS) in a research note to investors on Monday. They now have a GBX 2,900 ($46.79) price target on the stock. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 3,391.20 ($54.71).
Wolseley (LON:WOS) opened at 3243.9998 on Tuesday. Wolseley has a one year low of GBX 2718.1819 and a one 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 £8.729 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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