Royal Bank Of Canada Increases Wolseley plc (WOS) Price Target to GBX 4,900
Wolseley plc (LON:WOS) had its price objective increased by equities research analysts at Royal Bank Of Canada from GBX 4,400 ($54.46) to GBX 4,900 ($60.64) in a research note issued to investors on Thursday. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 8.96% from the stock’s current price.
Several other brokerages have also commented on WOS. Liberum Capital restated a “buy” rating and issued a GBX 4,700 ($58.17) price objective on shares of Wolseley plc in a report on Monday. Canaccord Genuity upped their price objective on shares of Wolseley plc from GBX 4,150 ($51.36) to GBX 4,340 ($53.71) and gave the stock a “buy” rating in a report on Tuesday, September 6th. Goldman Sachs Group Inc. assumed coverage on shares of Wolseley plc in a report on Tuesday, October 4th. They set a “neutral” rating and a GBX 4,600 ($56.93) target price on the stock. Jefferies Group reduced their target price on shares of Wolseley plc from GBX 4,180 ($51.73) to GBX 4,140 ($51.24) and set a “hold” rating on the stock in a report on Tuesday, October 4th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 4,400 ($54.46) target price on shares of Wolseley plc in a report on Tuesday, September 20th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 4,321.09 ($53.48).
Shares of Wolseley plc (LON:WOS) traded up 0.31% during midday trading on Thursday, hitting GBX 4511.00. 790,162 shares of the stock were exchanged. Wolseley plc has a 12 month low of GBX 3,214.00 and a 12 month high of GBX 4,605.00. The company’s market cap is GBX 11.44 billion. The stock has a 50 day moving average price of GBX 4,383.95 and a 200-day moving average price of GBX 4,062.87.
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The company also recently announced a dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be issued a GBX 66.72 ($0.83) dividend. This is an increase from Wolseley plc’s previous dividend of $33.28. The ex-dividend date is Thursday, October 27th. This represents a dividend yield of 1.57%.
In other news, insider Shoylekov,Richard sold 352 shares of Wolseley plc stock in a transaction dated Monday, July 18th. The shares were sold at an average price of GBX 4,093 ($50.66), for a total value of £14,407.36 ($17,830.89).
Wolseley plc Company Profile
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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