Wolseley’s Buy Rating Reaffirmed at UBS AG (WOS)
Wolseley (LON:WOS)‘s stock had its “buy” rating restated by research analysts at UBS AG in a report released on Wednesday, ARN reports. They currently have a GBX 3,500 ($56.47) target price on the stock. UBS AG’s price objective suggests a potential upside of 7.69% from the company’s current price.
Shares of Wolseley (LON:WOS) traded down 1.40% on Wednesday, hitting GBX 3250.00. The stock had a trading volume of 608,800 shares. Wolseley has a one year low of GBX 2718.1819 and a one year high of GBX 3483.0002. 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 £8.954 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Wolseley (LON:WOS) in a research note to investors on Wednesday. They now have a GBX 3,400 ($54.86) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Wolseley (LON:WOS) in a research note to investors on Tuesday. They now have a GBX 3,600 ($58.08) price target on the stock. Finally, analysts at Shore Capital Stockbrokers reiterated a “buy” rating on shares of Wolseley (LON:WOS) in a research note to investors on Tuesday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 3,348.35 ($54.02).
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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