Wolseley plc (WOS) Receives New Coverage from Analysts at Goldman Sachs Group Inc.
Stock analysts at Goldman Sachs Group Inc. began coverage on shares of Wolseley plc (LON:WOS) in a research report issued on Tuesday. The firm set a “neutral” rating and a GBX 4,600 ($60.04) price target on the stock. Goldman Sachs Group Inc.’s target price points to a potential upside of 1.14% from the company’s previous close.
Several other equities research analysts also recently issued reports on the company. Jefferies Group decreased their price target on Wolseley plc from GBX 4,180 ($54.56) to GBX 4,140 ($54.04) and set a “hold” rating for the company in a report on Tuesday, October 4th. JPMorgan Chase & Co. decreased their price target on Wolseley plc from GBX 4,400 ($57.43) to GBX 4,350 ($56.78) and set a ” neutral” rating for the company in a report on Friday, September 30th. Societe Generale boosted their price objective on Wolseley plc from GBX 4,600 ($60.04) to GBX 4,850 ($63.31) and gave the stock a “buy” rating in a research report on Thursday, September 29th. Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 4,600 ($60.04) price objective on shares of Wolseley plc in a research report on Wednesday, September 28th. Finally, Numis Securities Ltd boosted their price objective on Wolseley plc from GBX 3,845 ($50.19) to GBX 4,240 ($55.35) and gave the stock a “hold” rating in a research report on Wednesday, September 28th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine 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 4,280.18 ($55.87).
Shares of Wolseley plc (LON:WOS) traded up 1.292% on Tuesday, hitting GBX 4530.373. The company had a trading volume of 644,335 shares. The firm’s market capitalization is GBX 11434.97 billion. The company 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 1-year low of GBX 3,214.00 and a 1-year high of GBX 4,569.00.
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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 given 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 other news, insider Shoylekov,Richard sold 352 shares of the stock in a transaction dated Monday, July 18th. The stock was sold at an average price of GBX 4,093 ($53.43), for a total transaction 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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