Wolseley plc (LON:WOS) had its price target trimmed by JPMorgan Chase & Co. from GBX 4,400 ($57.43) to GBX 4,350 ($56.78) in a research note issued to investors on Friday. The firm currently has a neutral rating on the stock.
A number of other analysts have also recently weighed in on the company. Credit Suisse Group AG reaffirmed an outperform rating and set a GBX 4,600 ($60.04) price objective on shares of Wolseley plc in a research report on Wednesday, July 27th. Canaccord Genuity reissued a hold rating and issued a GBX 4,340 ($56.65) price target on shares of Wolseley plc in a report on Tuesday, September 27th. Jefferies Group cut Wolseley plc to a hold rating and raised their price target for the company from GBX 3,980 ($51.95) to GBX 4,180 ($54.56) in a report on Friday, August 5th. Peel Hunt raised their price target on Wolseley plc from GBX 3,890 ($50.78) to GBX 4,075 ($53.19) and gave the company a hold rating in a report on Tuesday, July 12th. Finally, Goldman Sachs Group Inc. reissued a buy rating and issued a GBX 4,226 ($55.16) price target on shares of Wolseley plc in a report on Tuesday, June 28th. 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 stock presently has an average rating of Hold and a consensus price target of GBX 4,280.18 ($55.87).
Shares of Wolseley plc (LON:WOS) opened at 4490.00 on Friday. The stock’s market capitalization is GBX 11.38 billion. Wolseley plc has a one year low of GBX 3,214.00 and a one year high of GBX 4,569.00. The firm has a 50-day moving average price of GBX 4,344.24 and a 200 day moving average price of GBX 4,037.49.
The business also recently disclosed 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. This represents a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, October 27th. This is a boost from Wolseley plc’s previous dividend of $33.28.
In other Wolseley plc news, insider Shoylekov,Richard sold 352 shares of the business’s stock in a transaction dated 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).
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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