Wolseley plc (LON:WOS) had its target price upped by Societe Generale from GBX 4,600 ($60.04) to GBX 4,850 ($63.31) in a research report released on Thursday morning. Societe Generale currently has a buy rating on the stock.
Other equities research analysts have also issued reports about the stock. Citigroup Inc. lowered shares of Wolseley plc to a neutral rating and set a GBX 4,150 ($54.17) price objective for the company. in a report on Thursday, June 2nd. Credit Suisse Group AG reaffirmed an outperform rating and issued a GBX 4,200 ($54.82) target price on shares of Wolseley plc in a research note on Thursday, June 2nd. BNP Paribas reaffirmed an underperform rating and issued a GBX 4,200 ($54.82) target price on shares of Wolseley plc in a research note on Thursday, July 14th. Canaccord Genuity reaffirmed a hold rating and issued a GBX 4,150 ($54.17) target price on shares of Wolseley plc in a research note on Monday, July 18th. Finally, Berenberg Bank decreased their target price on shares of Wolseley plc from GBX 4,400 ($57.43) to GBX 4,200 ($54.82) and set a buy rating on the stock in a research note on Friday, June 3rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. Wolseley plc currently has an average rating of Hold and a consensus target price of GBX 4,280.18 ($55.87).
Wolseley plc (LON:WOS) opened at 4490.00 on Thursday. Wolseley plc has a 1-year low of GBX 3,214.00 and a 1-year high of GBX 4,569.00. The company’s market capitalization is GBX 11.38 billion. The firm 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. Shareholders of record on Thursday, October 27th will be paid a dividend of GBX 66.72 ($0.87) per share. The ex-dividend date of this dividend is Thursday, October 27th. This represents a yield of 1.57%. This is a boost from Wolseley plc’s previous dividend of $33.28.
In other 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 value 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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