Wolseley plc Price Target Cut to GBX 3,800 (WOS)
Analysts at Credit Suisse decreased their target price on shares of Wolseley plc (LON:WOS) from GBX 4,000 ($68.13) to GBX 3,800 ($64.72) in a research report issued to clients and investors on Tuesday. The firm currently has an “outperform” rating on the stock. Credit Suisse’s target price would suggest a potential upside of 18.65% from the stock’s previous close.
Wolseley plc (LON:WOS) traded up 1.72% during mid-day trading on Tuesday, hitting GBX 3258.0002. 804,737 shares of the company’s stock traded hands. Wolseley plc has a 1-year low of GBX 3100.00 and a 1-year high of GBX 3575.333. The stock has a 50-day moving average of GBX 3305. and a 200-day moving average of GBX 3365.. The company’s market cap is £8.735 billion.
A number of other analysts have also recently weighed in on WOS. Analysts at Raymond James reiterated an “underperform” rating on shares of Wolseley plc in a research note on Friday. They now have a GBX 3,200 ($54.51) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Wolseley plc in a research note on Friday. They now have a GBX 3,660 ($62.34) price target on the stock. Finally, analysts at BNP Paribas reiterated an “underperform” rating on shares of Wolseley plc in a research note on Thursday, June 26th. They now have a GBX 3,470 ($59.10) price target on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 3,564.85 ($60.72).
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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