Wolseley plc (LON:WOS) had its target price decreased by stock analysts at JPMorgan Chase & Co. from GBX 4,400 ($57.43) to GBX 4,350 ($56.78) in a report released on Friday. The brokerage currently has a ” neutral” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential downside of 1.56% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the stock. Societe Generale reaffirmed a “buy” rating and set a GBX 4,600 ($60.04) price target on shares of Wolseley plc in a research note on Thursday, June 2nd. Beaufort Securities reissued a “buy” rating on shares of Wolseley plc in a report on Thursday, June 2nd. Berenberg Bank decreased their price objective on shares of Wolseley plc from GBX 4,400 ($57.43) to GBX 4,200 ($54.82) and set a “buy” rating for the company in a report on Friday, June 3rd. Liberum Capital raised shares of Wolseley plc to a “buy” rating and set a GBX 4,100 ($53.52) price objective for the company in a report on Friday, June 17th. Finally, Jefferies Group decreased their price objective on shares of Wolseley plc from GBX 4,530 ($59.13) to GBX 4,330 ($56.52) and set a “buy” rating for the company in a report on Monday, June 13th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 4,262.73 ($55.64).
Wolseley plc (LON:WOS) opened at 4419.00 on Friday. The company’s 50-day moving average is GBX 4,339.50 and its 200 day moving average is GBX 4,033.01. Wolseley plc has a 12-month low of GBX 3,214.00 and a 12-month high of GBX 4,458.00. The stock’s market capitalization is GBX 11.20 billion.
The company also recently declared a dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be issued a dividend of GBX 66.72 ($0.87) per share. The ex-dividend date is Thursday, October 27th. This represents a dividend yield of 1.57%. This is a positive change from Wolseley plc’s previous dividend of $33.28.
In other news, insider Shoylekov,Richard sold 352 shares of the business’s stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of GBX 4,093 ($53.43), for a total transaction of £14,407.36 ($18,806.11).
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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