Berenberg Bank Boosts Wolseley plc (WOS) Price Target to GBX 5,800
Wolseley plc (LON:WOS) had its target price hoisted by stock analysts at Berenberg Bank from GBX 5,700 ($73.83) to GBX 5,800 ($75.13) in a research note issued on Monday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 22.65% from the stock’s previous close.
WOS has been the subject of several other reports. Barclays PLC reiterated a “top pick” rating and set a GBX 5,600 ($72.54) price objective (up from GBX 5,000 ($64.77)) on shares of Wolseley plc in a research note on Wednesday, March 15th. Liberum Capital reiterated a “hold” rating and set a GBX 4,975 ($64.44) price objective on shares of Wolseley plc in a research note on Thursday, March 16th. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 4,650 ($60.23) price objective on shares of Wolseley plc in a research note on Friday, March 24th. HSBC Holdings plc lowered Wolseley plc to a “hold” rating and cut their price objective for the stock from GBX 5,350 ($69.30) to GBX 5,150 ($66.71) in a research note on Friday, April 7th. Finally, Canaccord Genuity boosted their price objective on Wolseley plc from GBX 4,600 ($59.59) to GBX 5,090 ($65.93) and gave the stock a “hold” rating in a research note on Friday, March 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 5,098.88 ($66.05).
Wolseley plc (WOS) traded up 0.47% during trading on Monday, reaching GBX 4735.00. The company’s stock had a trading volume of 519,665 shares. The firm’s market capitalization is GBX 11.88 billion. Wolseley plc has a one year low of GBX 3,805.00 and a one year high of GBX 5,285.00. The stock has a 50-day moving average of GBX 4,904.17 and a 200 day moving average of GBX 4,954.13.
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In other Wolseley plc news, insider Darren M. Shapland acquired 100 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was bought at an average cost of GBX 4,928 ($63.83) per share, for a total transaction of £4,928 ($6,383.42).
Wolseley plc Company Profile
Wolseley plc is the holding company of the Wolseley Group of companies. The Company is engaged in the distribution of plumbing and heating products and building materials. The Company’s segments include USA, UK, Nordic, and Canada and Central Europe. The Company operates seven business units in the United States, six of these mainly operate in the business to business (B2B) market with one operating in the business to consumer (B2C) market.
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