Jefferies Group Lowers Wolseley plc (WOS) Price Target to GBX 4,140
Wolseley plc (LON:WOS) had its price target decreased by analysts at Jefferies Group from GBX 4,180 ($54.56) to GBX 4,140 ($54.04) in a research report issued on Tuesday. The firm presently has a “hold” rating on the stock. Jefferies Group’s price objective suggests a potential downside of 8.97% from the stock’s current price.
A number of other equities analysts have also recently issued reports on WOS. JPMorgan Chase & Co. cut shares of Wolseley plc to a “neutral” rating and reduced their price objective for the company from GBX 4,300 ($56.13) to GBX 4,100 ($53.52) in a research note on Monday, June 6th. Royal Bank Of Canada raised shares of Wolseley plc to an “outperform” rating and lifted their price target for the stock from GBX 3,400 ($44.38) to GBX 4,000 ($52.21) in a research report on Thursday, June 9th. Liberum Capital raised shares of Wolseley plc to a “buy” rating and set a GBX 4,100 ($53.52) price target on the stock in a research report on Friday, June 17th. BNP Paribas reissued an “underperform” rating and set a GBX 3,730 ($48.69) price target on shares of Wolseley plc in a research report on Tuesday, June 21st. Finally, Barclays PLC reissued an “overweight” rating and set a GBX 4,400 ($57.43) price target on shares of Wolseley plc in a research report on Thursday, June 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 4,280.18 ($55.87).
Shares of Wolseley plc (LON:WOS) traded up 1.292% during midday trading on Tuesday, reaching GBX 4530.373. 644,335 shares of the company were exchanged. The stock has a 50-day moving average price of GBX 4,362.86 and a 200 day moving average price of GBX 4,048.53. Wolseley plc has a 52-week low of GBX 3,214.00 and a 52-week high of GBX 4,569.00. The company’s market capitalization is GBX 11434.97 billion.
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The firm also recently disclosed a dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, October 27th will be issued a GBX 66.72 ($0.87) dividend. The ex-dividend date of this dividend is Thursday, October 27th. This represents a yield of 1.57%. This is an increase from Wolseley plc’s previous dividend of $33.28.
In other Wolseley plc news, insider Shoylekov,Richard sold 352 shares of the business’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of GBX 4,093 ($53.43), for a total value of £14,407.36 ($18,806.11).
Wolseley plc Company Profile
Wolseley plc is a Switzerland-based specialist trade distributor of plumbing and heating products and building materials in North America, the United Kingdom and Continental Europe. The Company operates in seven segments: USA, UK, Canada, Nordic, France, Central and Eastern Europe, and Group. The Group has a network of distribution centers which serve branches for its plumbing and heating businesses with 2,917 branches across 11 countries.
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