Zacks Investment Research downgraded shares of Wolseley plc (NASDAQ:WOSYY) from a hold rating to a sell rating in a report issued on Friday.

According to Zacks, “Wolseley is the world’s largest trade distributor of plumbing and heating products and a leading supplier of building materials. Wolseley operates in five geographic regions: the United States, Canada, the Nordic region, the United Kingdom and Central Europe and France. They supply customers in the new; repair, maintenance and improvement and civil infrastructure sectors. “

WOSYY has been the subject of a number of other reports. Royal Bank Of Canada upgraded Wolseley plc from a sector perform rating to an outperform rating in a research note on Thursday, June 9th. Beaufort Securities restated a hold rating on shares of Wolseley plc in a research note on Wednesday, September 28th. JPMorgan Chase & Co. cut Wolseley plc from an overweight rating to a neutral rating in a research note on Monday, June 6th. Liberum Capital upgraded Wolseley plc from a hold rating to a buy rating in a research note on Friday, June 17th. Finally, Jefferies Group cut Wolseley plc from a buy rating to a hold rating in a research note on Friday, August 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold.

Wolseley plc (NASDAQ:WOSYY) opened at 5.66 on Friday. Wolseley plc has a 12-month low of $4.60 and a 12-month high of $6.06. The company has a 50-day moving average price of $5.68 and a 200-day moving average price of $5.55. The stock has a market capitalization of $14.35 billion and a PE ratio of 16.87.

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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