Wolseley plc (WOS) Receives Buy Rating from Liberum Capital
Wolseley plc (LON:WOS)‘s stock had its “buy” rating reaffirmed by equities researchers at Liberum Capital in a report released on Monday, StockTargetPrices.com reports. They currently have a GBX 4,700 ($58.17) price target on the stock. Liberum Capital’s target price would indicate a potential upside of 3.07% from the company’s current price.
Several other analysts also recently weighed in on the company. Goldman Sachs Group Inc. began coverage on Wolseley plc in a research note on Tuesday, October 4th. They set a “neutral” rating and a GBX 4,600 ($56.93) target price for the company. Jefferies Group decreased their target price on Wolseley plc from GBX 4,180 ($51.73) to GBX 4,140 ($51.24) and set a “hold” rating for the company in a research note on Tuesday, October 4th. JPMorgan Chase & Co. decreased their target price on Wolseley plc from GBX 4,400 ($54.46) to GBX 4,350 ($53.84) and set a ” neutral” rating for the company in a research note on Friday, September 30th. Societe Generale increased their target price on Wolseley plc from GBX 4,600 ($56.93) to GBX 4,850 ($60.02) and gave the company a “buy” rating in a research note on Thursday, September 29th. Finally, Credit Suisse Group AG restated an “outperform” rating and set a GBX 4,600 ($56.93) target price on shares of Wolseley plc in a research note on Wednesday, September 28th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 4,280.18 ($52.97).
Wolseley plc (LON:WOS) traded up 0.26% on Monday, reaching GBX 4560.00. The company had a trading volume of 515,148 shares. The stock’s market cap is GBX 11.56 billion. Wolseley plc has a one year low of GBX 3,214.00 and a one year high of GBX 4,581.00. The company has a 50-day moving average of GBX 4,372.75 and a 200 day moving average of GBX 4,055.11.
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The business also recently declared a dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be given a GBX 66.72 ($0.83) dividend. This is a positive change from Wolseley plc’s previous dividend of $33.28. This represents a dividend yield of 1.57%. The ex-dividend date is Thursday, October 27th.
In other news, insider Shoylekov,Richard sold 352 shares of the firm’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of GBX 4,093 ($50.66), for a total value of £14,407.36 ($17,830.89).
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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