Several other equities research analysts have also issued reports on the stock. Credit Suisse Group AG reissued an outperform rating and set a GBX 4,600 ($60.04) target price on shares of Wolseley plc in a research note on Wednesday, July 27th. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 4,400 ($57.43) target price on shares of Wolseley plc in a research note on Tuesday, September 20th. Jefferies Group lowered shares of Wolseley plc to a hold rating and increased their target price for the stock from GBX 3,980 ($51.95) to GBX 4,180 ($54.56) in a research note on Friday, August 5th. Peel Hunt increased their target price on shares of Wolseley plc from GBX 3,890 ($50.78) to GBX 4,075 ($53.19) and gave the stock a hold rating in a research note on Tuesday, July 12th. Finally, Goldman Sachs Group Inc. reissued a buy rating and set a GBX 4,226 ($55.16) target price on shares of Wolseley plc in a research note on Tuesday, June 28th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. Wolseley plc presently has a consensus rating of Hold and a consensus target price of GBX 4,253.64 ($55.52).
Wolseley plc (LON:WOS) traded up 0.35% during trading on Tuesday, hitting GBX 4259.00. The stock had a trading volume of 399,522 shares. Wolseley plc has a 52-week low of GBX 3,214.00 and a 52-week high of GBX 4,458.00. The company’s 50 day moving average is GBX 4,325.14 and its 200 day moving average is GBX 4,018.06. The firm’s market cap is GBX 10.86 billion.
The business also recently disclosed a dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, October 27th will be given 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 boost from Wolseley plc’s previous dividend of $33.28.
In related news, insider Shoylekov,Richard sold 352 shares of the 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).
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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