Wolseley plc Given “Overweight” Rating at HSBC (WOS)
Wolseley plc (LON:WOS)‘s stock had its “overweight” rating reaffirmed by equities researchers at HSBC in a research report issued on Monday. They currently have a GBX 4,061 ($69.66) price objective on the stock. HSBC’s price target indicates a potential upside of 24.30% from the stock’s previous close.
Wolseley plc (LON:WOS) opened at 3259.00 on Monday. 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 3291.60 and a 200-day moving average of GBX 3364.. The company’s market cap is £8.737 billion.
A number of other analysts have also recently weighed in on WOS. Analysts at Jefferies Group reiterated an “underperform” rating on shares of Wolseley plc in a research note on Thursday. They now have a GBX 2,760 ($47.34) price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Wolseley plc from GBX 4,000 ($68.61) to GBX 3,800 ($65.18) in a research note on Tuesday, July 1st. They now have an “outperform” rating on the stock. Finally, 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 ($54.89) price target on the stock. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 3,566.85 ($61.18).
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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