Wolseley Rating Lowered to Underperform at BNP Paribas (WOS)
Wolseley (LON:WOS) was downgraded by investment analysts at BNP Paribas to an “underperform” rating in a note issued to investors on Wednesday, Analyst Ratings Net reports. They currently have a GBX 3,500 ($57.45) target price on the stock. BNP Paribas’ price target suggests a potential downside of 0.43% from the stock’s previous close.
Wolseley (LON:WOS) opened at 3481.0002 on Wednesday. Wolseley has a 1-year low of GBX 2991.50 and a 1-year high of GBX 3599.1001. The stock’s 50-day moving average is GBX 0. and its 200-day moving average is GBX 0..
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd raised their price target on shares of Wolseley from GBX 3,250 ($53.35) to GBX 3,400 ($55.81) in a research note to investors on Wednesday, January 15th. They now have a “hold” rating on the stock. Separately, analysts at Davy Research reiterated a “neutral” rating on shares of Wolseley in a research note to investors on Monday, January 13th. Finally, analysts at HSBC reiterated an “overweight” rating on shares of Wolseley in a research note to investors on Monday, January 13th. They now have a GBX 3,930 ($64.51) price target on the stock. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 3,449.13 ($56.62).
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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