Wolseley plc (LON:WOS) had its target price increased by Liberum Capital from GBX 4,650 ($60.70) to GBX 4,700 ($61.35) in a research note published on Tuesday. The brokerage currently has a buy rating on the stock.
A number of other research firms have also recently issued reports on WOS. Canaccord Genuity reiterated a hold rating and issued a GBX 4,150 ($54.17) target price on shares of Wolseley plc in a research note on Monday, July 4th. JPMorgan Chase & Co. cut their target price on Wolseley plc from GBX 4,400 ($57.43) to GBX 4,350 ($56.78) and set a neutral rating on the stock in a research note on Friday, September 30th. BNP Paribas reiterated an underperform rating and issued a GBX 3,730 ($48.69) target price on shares of Wolseley plc in a research note on Tuesday, June 21st. Barclays PLC reiterated an overweight rating and issued a GBX 5,000 ($65.27) target price on shares of Wolseley plc in a research note on Wednesday, September 28th. Finally, Royal Bank Of Canada upgraded Wolseley plc to an outperform rating and raised their target price for the company from GBX 3,400 ($44.38) to GBX 4,000 ($52.21) in a research note on Thursday, June 9th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 4,280.18 ($55.87).
Shares of Wolseley plc (LON:WOS) opened at 4513.00 on Tuesday. The company has a 50-day moving average of GBX 4,354.08 and a 200-day moving average of GBX 4,045.03. Wolseley plc has a 52 week low of GBX 3,214.00 and a 52 week high of GBX 4,569.00. The firm’s market capitalization is GBX 11.44 billion.
The firm also recently announced a dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, October 27th will be paid a dividend of GBX 66.72 ($0.87) per share. This represents a yield of 1.57%. The ex-dividend date of this dividend is Thursday, October 27th. This is a boost from Wolseley plc’s previous dividend of $33.28.
In other Wolseley plc news, insider Shoylekov,Richard sold 352 shares of Wolseley plc stock in a transaction dated Monday, July 18th. The stock was sold at an average price of GBX 4,093 ($53.43), for a total transaction of £14,407.36 ($18,806.11).
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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