Equities research analysts at Investec initiated coverage on shares of Wolseley PLC (OTCMKTS:WOSYY) in a research report issued on Wednesday, StockTargetPrices.com reports. The firm set a “hold” rating on the stock.

Other analysts also recently issued research reports about the company. Jefferies Group downgraded Wolseley PLC from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Liberum Capital upgraded Wolseley PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven 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 $6.75.

Analyst Recommendations for Wolseley PLC (OTCMKTS:WOSYY)

Shares of Wolseley PLC (OTCMKTS:WOSYY) traded down 0.55% during trading on Wednesday, hitting $5.42. The company had a trading volume of 110,576 shares. The firm has a market capitalization of $13.74 billion, a P/E ratio of 16.50 and a beta of 1.12. The company’s 50 day moving average is $5.68 and its 200 day moving average is $5.55. Wolseley PLC has a 1-year low of $4.60 and a 1-year high of $6.06.

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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.

Stock Target Prices

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