Wolseley plc’s “Underperform” Rating Reaffirmed at Jefferies Group (WOS)
Wolseley plc (LON:WOS)‘s stock had its “underperform” rating reiterated by stock analysts at Jefferies Group in a report issued on Thursday. They currently have a GBX 2,760 ($47.01) price target on the stock. Jefferies Group’s target price suggests a potential downside of 15.52% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of Wolseley plc from GBX 4,000 ($68.13) to GBX 3,800 ($64.72) in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James reiterated an “underperform” rating on shares of Wolseley plc in a research note on Friday, June 27th. They now have a GBX 3,200 ($54.51) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Wolseley plc in a research note on Friday, June 27th. They now have a GBX 3,660 ($62.34) price target on the stock. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 3,566.85 ($60.75).
Shares of Wolseley plc (LON:WOS) opened at 3250.00 on Thursday. Wolseley plc has a one year low of GBX 3100.00 and a one year high of GBX 3575.333. The stock has a 50-day moving average of GBX 3300.57 and a 200-day moving average of GBX 3365.. The company’s market cap is £8.713 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.