Wolseley plc (WOS) Receives New Coverage from Analysts at Goldman Sachs Group Inc.
Goldman Sachs Group Inc. initiated coverage on shares of Wolseley plc (LON:WOS) in a research report released on Tuesday morning. The brokerage issued a neutral rating and a GBX 4,600 ($60.04) target price on the stock.
WOS has been the subject of a number of other reports. BNP Paribas reiterated an underperform rating and issued a GBX 3,910 ($51.04) target price on shares of Wolseley plc in a research note on Thursday, June 30th. Liberum Capital reiterated a buy rating and issued a GBX 4,100 ($53.52) target price on shares of Wolseley plc in a research note on Tuesday, July 12th. Jefferies Group lowered their target price on shares of Wolseley plc from GBX 4,180 ($54.56) to GBX 4,140 ($54.04) and set a hold rating for the company in a research note on Tuesday. Societe Generale restated a buy rating and set a GBX 4,600 ($60.04) price objective on shares of Wolseley plc in a research note on Friday, September 16th. Finally, JPMorgan Chase & Co. cut shares of Wolseley plc to a neutral rating and decreased their price objective for the company from GBX 4,300 ($56.13) to GBX 4,100 ($53.52) in a research note on Monday, June 6th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of GBX 4,280.18 ($55.87).
Shares of Wolseley plc (LON:WOS) opened at 4461.00 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 stock’s market capitalization is GBX 11.31 billion. The stock has a 50 day moving average of GBX 4,344.24 and a 200-day moving average of GBX 4,037.49.
The business also recently announced a dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be issued a GBX 66.72 ($0.87) dividend. The ex-dividend date of this dividend is Thursday, October 27th. This is a boost from Wolseley plc’s previous dividend of $33.28. This represents a dividend yield of 1.57%.
In related news, insider Shoylekov,Richard sold 352 shares of the firm’s 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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