Wolseley plc (WOS) Downgraded to “Hold” at Liberum Capital
Liberum Capital lowered shares of Wolseley plc (LON:WOS) to a hold rating in a report released on Thursday. The brokerage currently has GBX 4,975 ($60.50) price target on the stock, up from their previous price target of GBX 4,950 ($60.20).
A number of other equities analysts have also commented on the company. Goodbody reaffirmed a buy rating on shares of Wolseley plc in a research note on Wednesday, December 21st. Barclays PLC reissued an overweight rating and issued a GBX 5,000 ($60.81) price target on shares of Wolseley plc in a research note on Thursday, December 8th. Beaufort Securities reissued a hold rating on shares of Wolseley plc in a research note on Wednesday, December 7th. Canaccord Genuity reissued a hold rating and issued a GBX 4,600 ($55.94) price target on shares of Wolseley plc in a research note on Tuesday, December 6th. Finally, Peel Hunt reissued a reduce rating and issued a GBX 3,930 ($47.79) price target on shares of Wolseley plc in a research note on Tuesday, December 6th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. Wolseley plc presently has a consensus rating of Hold and an average price target of GBX 4,456.86 ($54.20).
Wolseley plc (LON:WOS) traded up 0.24% during midday trading on Thursday, hitting GBX 4996.00. The stock had a trading volume of 684,769 shares. The stock’s 50-day moving average is GBX 4,831.92 and its 200-day moving average is GBX 4,396.88. The stock’s market capitalization is GBX 12.52 billion. Wolseley plc has a 1-year low of GBX 3,214.00 and a 1-year high of GBX 5,050.00.
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In other news, insider Frank Roach sold 40,880 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of GBX 4,199 ($51.06), for a total transaction of £1,716,551.20 ($2,087,499.94).
About Wolseley plc
Wolseley plc is the holding company of the Wolseley Group of companies. The Company is engaged in the distribution of plumbing and heating products and building materials. The Company’s segments include USA, UK, Nordic, and Canada and Central Europe. The Company operates seven business units in the United States, six of these mainly operate in the business to business (B2B) market with one operating in the business to consumer (B2C) market.
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