Wolseley’s Buy Rating Reaffirmed at Bank of America Corp. (WOS)
Wolseley (LON:WOS)‘s stock had its “buy” rating restated by equities researchers at Bank of America Corp. in a research report issued on Tuesday, American Banking and Market News reports. They currently have a GBX 3,540 ($57.12) price target on the stock. Bank of America Corp.’s price objective would indicate a potential upside of 10.73% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Wolseley (LON:WOS) from GBX 3,600 ($58.08) to GBX 3,649 ($58.87) in a research note to investors on Friday. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Wolseley (LON:WOS) from GBX 2,480 ($40.01) to GBX 2,510 ($40.50) in a research note to investors on Friday. They now have an “underperform” rating on the stock. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 3,391.20 ($54.71).
Shares of Wolseley (LON:WOS) traded up 3.10% on Tuesday, hitting GBX 3296.00. The stock had a trading volume of 1,837,611 shares. Wolseley has a 52-week low of GBX 2718.1819 and a 52-week 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 £8.869 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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