Wolseley plc (WOSYY) Receives New Coverage from Analysts at Investec
Investec assumed coverage on shares of Wolseley plc (NASDAQ:WOSYY) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.
A number of other equities analysts also recently issued reports on WOSYY. Zacks Investment Research downgraded Wolseley plc from a “hold” rating to a “sell” rating in a report on Wednesday, June 22nd. Liberum Capital raised Wolseley plc from a “hold” rating to a “buy” rating in a report on Friday, June 17th. Beaufort Securities reissued a “hold” rating on shares of Wolseley plc in a report on Wednesday, September 28th. Goldman Sachs Group Inc. initiated coverage on Wolseley plc in a report on Monday, October 3rd. They issued a “neutral” rating for the company. Finally, Jefferies Group downgraded Wolseley plc from a “buy” rating to a “hold” rating in a report on Friday, August 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold”.
Wolseley plc (NASDAQ:WOSYY) traded up 0.18% during mid-day trading on Wednesday, hitting $5.46. 19,551 shares of the stock were exchanged. The firm has a market cap of $13.84 billion and a P/E ratio of 16.63. The company has a 50 day moving average of $5.68 and a 200 day moving average of $5.55. Wolseley plc has a 12-month low of $4.60 and a 12-month 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.
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