Stock analysts at Goldman Sachs Group Inc. began coverage on shares of Wolseley plc (LON:WOS) in a research report issued to clients and investors on Tuesday. The brokerage set a “neutral” rating and a GBX 4,600 ($60.04) price target on the stock. Goldman Sachs Group Inc.’s price target points to a potential upside of 2.93% from the stock’s current price.
Several other equities analysts have also recently commented on WOS. JPMorgan Chase & Co. cut shares of Wolseley plc to a “neutral” rating and dropped their target price for the company from GBX 4,300 ($56.13) to GBX 4,100 ($53.52) in a research report on Monday, June 6th. Royal Bank Of Canada upgraded shares of Wolseley plc to an “outperform” rating and boosted their target price for the company from GBX 3,400 ($44.38) to GBX 4,000 ($52.21) in a research report on Thursday, June 9th. Jefferies Group dropped their target price on shares of Wolseley plc from GBX 4,530 ($59.13) to GBX 4,330 ($56.52) and set a “buy” rating for the company in a research report on Monday, June 13th. Liberum Capital upgraded shares of Wolseley plc to a “buy” rating and set a GBX 4,100 ($53.52) target price for the company in a research report on Friday, June 17th. Finally, BNP Paribas restated an “underperform” rating and issued a GBX 3,730 ($48.69) target price on shares of Wolseley plc in a research report on Tuesday, June 21st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company’s stock. Wolseley plc presently has an average rating of “Hold” and a consensus target price of GBX 4,280.18 ($55.87).
Wolseley plc (LON:WOS) opened at 4469.00 on Tuesday. Wolseley plc has a 52 week low of GBX 3,214.00 and a 52 week high of GBX 4,569.00. The firm has a 50-day moving average of GBX 4,347.84 and a 200-day moving average of GBX 4,041.90. The company’s market capitalization is GBX 11.33 billion.
The company also recently disclosed a dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be paid a GBX 66.72 ($0.87) dividend. This is a positive change from Wolseley plc’s previous dividend of $33.28. This represents a dividend yield of 1.57%. The ex-dividend date is Thursday, October 27th.
In other news, insider Shoylekov,Richard sold 352 shares of the company’s stock in a transaction 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).
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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