Wolseley plc (WOS) Price Target Raised to GBX 4,700 at Liberum Capital
Wolseley plc (LON:WOS) had its target price upped by research analysts at Liberum Capital from GBX 4,650 ($60.70) to GBX 4,700 ($61.35) in a research note issued to investors on Tuesday. The firm presently has a “buy” rating on the stock. Liberum Capital’s target price points to a potential upside of 3.34% from the company’s previous close.
Several other equities analysts have also issued reports on WOS. JPMorgan Chase & Co. lowered shares of Wolseley plc to a “neutral” rating and decreased their price target for the company from GBX 4,300 ($56.13) to GBX 4,100 ($53.52) in a report on Monday, June 6th. Royal Bank Of Canada raised shares of Wolseley plc to an “outperform” rating and boosted their price target for the company from GBX 3,400 ($44.38) to GBX 4,000 ($52.21) in a report on Thursday, June 9th. Jefferies Group decreased their price target on shares of Wolseley plc from GBX 4,530 ($59.13) to GBX 4,330 ($56.52) and set a “buy” rating for the company in a report on Monday, June 13th. BNP Paribas reissued an “underperform” rating and issued a GBX 3,730 ($48.69) price target on shares of Wolseley plc in a report on Tuesday, June 21st. Finally, Barclays PLC reissued an “overweight” rating and issued a GBX 4,400 ($57.43) price target on shares of Wolseley plc in a report on Thursday, June 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 4,280.18 ($55.87).
Wolseley plc (LON:WOS) traded up 1.29% during trading on Tuesday, reaching GBX 4548.00. 644,335 shares of the company’s stock traded hands. The firm 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 12 month low of GBX 3,214.00 and a 12 month high of GBX 4,569.00. The firm’s market cap is GBX 11.53 billion.
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The company also recently disclosed a dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be paid a dividend of GBX 66.72 ($0.87) per share. The ex-dividend date of this dividend is Thursday, October 27th. This is a positive change from Wolseley plc’s previous dividend of $33.28. This represents a dividend yield of 1.57%.
In related news, insider Shoylekov,Richard sold 352 shares of the company’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).
About Wolseley plc
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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