Wolseley plc (NASDAQ:WOSYY) Given Average Rating of “Buy” by Brokerages
Wolseley plc (NASDAQ:WOSYY) has been given a consensus rating of “Buy” by the ten analysts that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $6.50.
Several equities research analysts have recently weighed in on WOSYY shares. Liberum Capital raised Wolseley plc from a “hold” rating to a “buy” rating in a report on Friday, June 16th. J P Morgan Chase & Co raised Wolseley plc from a “neutral” rating to an “overweight” rating in a report on Monday, June 5th. Canaccord Genuity raised Wolseley plc from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. ValuEngine downgraded Wolseley plc from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Zacks Investment Research downgraded Wolseley plc from a “buy” rating to a “hold” rating in a report on Friday, July 28th.
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Shares of Wolseley plc (NASDAQ:WOSYY) opened at 5.95 on Tuesday. The company has a 50-day moving average of $6.11 and a 200-day moving average of $6.23. Wolseley plc has a 1-year low of $5.06 and a 1-year high of $6.64.
About Wolseley plc
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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