Liberum Capital Reiterates Buy Rating for Wolseley plc (WOS)
Wolseley plc (LON:WOS)‘s stock had its “buy” rating reiterated by investment analysts at Liberum Capital in a note issued to investors on Monday, StockTargetPrices.com reports. They presently have a GBX 4,700 ($61.35) price objective on the stock. Liberum Capital’s price target would suggest a potential upside of 3.34% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Goldman Sachs Group Inc. began coverage on shares of Wolseley plc in a research note on Tuesday, October 4th. They set a “neutral” rating and a GBX 4,600 ($60.04) price target on the stock. Jefferies Group decreased their price target on shares of Wolseley plc from GBX 4,180 ($54.56) to GBX 4,140 ($54.04) and set a “hold” rating on the stock in a research note on Tuesday, October 4th. JPMorgan Chase & Co. decreased their price target on shares of Wolseley plc from GBX 4,400 ($57.43) to GBX 4,350 ($56.78) and set a ” neutral” rating on the stock in a research note on Friday, September 30th. Societe Generale increased their price target on shares of Wolseley plc from GBX 4,600 ($60.04) to GBX 4,850 ($63.31) and gave the company a “buy” rating in a research note on Thursday, September 29th. Finally, Credit Suisse Group AG reissued an “outperform” rating and set a GBX 4,600 ($60.04) price target on shares of Wolseley plc in a research note on Wednesday, September 28th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 4,280.18 ($55.87).
Wolseley plc (LON:WOS) opened at 4530.373 on Monday. The stock’s market capitalization is GBX 11.48 billion. The stock’s 50 day moving average is GBX 4,362.86 and its 200 day moving average is 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.
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The business also recently announced a dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, October 27th will be given a GBX 66.72 ($0.87) dividend. The ex-dividend date is Thursday, October 27th. This represents a dividend yield of 1.57%. This is an increase from Wolseley plc’s previous dividend of $33.28.
In related news, insider Shoylekov,Richard sold 352 shares of Wolseley plc 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 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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