Wolseley plc (WOS) Price Target Cut to GBX 4,140
Wolseley plc (LON:WOS) had its price objective cut by Jefferies Group from GBX 4,180 ($54.56) to GBX 4,140 ($54.04) in a research note issued to investors on Tuesday. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective would suggest a potential downside of 7.36% from the company’s previous close.
A number of other brokerages have also issued reports on WOS. Canaccord Genuity raised their target price on shares of Wolseley plc from GBX 4,150 ($54.17) to GBX 4,340 ($56.65) and gave the stock a “buy” rating in a research report on Tuesday, September 6th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 4,400 ($57.43) target price on shares of Wolseley plc in a research report on Tuesday, September 20th. Liberum Capital restated a “buy” rating and set a GBX 4,650 ($60.70) target price on shares of Wolseley plc in a research report on Tuesday, September 20th. BNP Paribas restated an “underperform” rating and set a GBX 4,200 ($54.82) target price on shares of Wolseley plc in a research report on Monday, September 26th. Finally, Societe Generale restated a “buy” rating and set a GBX 4,600 ($60.04) target price on shares of Wolseley plc in a research report on Friday, September 16th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 4,280.18 ($55.87).
Wolseley plc (LON:WOS) opened at 4469.00 on Tuesday. 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 50-day moving average is GBX 4,347.84 and its 200-day moving average is GBX 4,041.90. The firm’s market capitalization is GBX 11.33 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 paid a dividend of GBX 66.72 ($0.87) per share. This represents a dividend yield of 1.57%. The ex-dividend date is Thursday, October 27th. This is an increase from Wolseley plc’s previous dividend of $33.28.
In other news, insider Shoylekov,Richard sold 352 shares of Wolseley plc stock in a transaction on 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).
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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