Wolseley plc (LON:WOS) had its price target hoisted by equities researchers at Liberum Capital from GBX 4,650 ($60.70) to GBX 4,700 ($61.35) in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the stock. Liberum Capital’s price objective points to a potential upside of 5.17% from the company’s current price.
Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. dropped their price objective on shares of Wolseley plc from GBX 4,400 ($57.43) to GBX 4,350 ($56.78) and set a ” neutral” rating for the company in a research note on Friday, September 30th. Jefferies Group dropped their price objective on shares of Wolseley plc from GBX 4,330 ($56.52) to GBX 3,980 ($51.95) and set a “buy” rating for the company in a research note on Wednesday, June 29th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 4,226 ($55.16) price objective on shares of Wolseley plc in a research note on Tuesday, June 28th. Canaccord Genuity upped their price objective on shares of Wolseley plc from GBX 4,150 ($54.17) to GBX 4,340 ($56.65) and gave the company a “buy” rating in a research note on Tuesday, September 6th. Finally, Societe Generale reaffirmed 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. Two equities 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 company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 4,280.18 ($55.87).
Wolseley plc (LON:WOS) opened at 4469.00 on Tuesday. The company has a 50-day moving average of GBX 4,347.84 and a 200-day moving average of GBX 4,041.90. The stock’s market cap is GBX 11.33 billion. Wolseley plc has a 52 week low of GBX 3,214.00 and a 52 week high of GBX 4,569.00.
The firm also recently announced a dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be paid a dividend of GBX 66.72 ($0.87) per share. This is a boost from Wolseley plc’s previous dividend of $33.28. This represents a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, October 27th.
In other news, insider Shoylekov,Richard sold 352 shares of the stock in a transaction that occurred 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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