Wolseley plc’s Buy Rating Reaffirmed at Deutsche Bank (WOS)
Wolseley plc (LON:WOS)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Friday. They currently have a GBX 3,620 ($62.09) target price on the stock. Deutsche Bank’s target price suggests a potential upside of 13.91% from the company’s current price.
Wolseley plc (LON:WOS) traded up 0.03% during mid-day trading on Friday, hitting GBX 3178.00. The stock had a trading volume of 689,395 shares. 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 3277.60 and a 200-day moving average of GBX 3362.. The company’s market cap is £8.520 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Wolseley plc in a research note on Thursday. Separately, analysts at HSBC reiterated an “overweight” rating on shares of Wolseley plc in a research note on Monday. They now have a GBX 4,061 ($69.66) price target on the stock. Finally, analysts at Jefferies Group reiterated an “underperform” rating on shares of Wolseley plc in a research note on Thursday, July 3rd. They now have a GBX 2,760 ($47.34) price target on the stock. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 3,559.84 ($61.06).
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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