Investec initiated coverage on shares of Wolseley PLC (OTCMKTS:WOSYY) in a research note released on Wednesday, StockTargetPrices.com reports. The brokerage issued a hold rating on the stock.
WOSYY has been the subject of several other reports. Jefferies Group cut shares of Wolseley PLC from a buy rating to a hold rating in a research report on Friday, August 5th. Liberum Capital upgraded shares of Wolseley PLC from a hold rating to a buy rating in a research report on Friday, June 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $6.75.
Wolseley PLC (OTCMKTS:WOSYY) opened at 5.43 on Wednesday. The company has a 50-day moving average of $5.67 and a 200-day moving average of $5.55. Wolseley PLC has a 1-year low of $4.60 and a 1-year high of $6.06. The company has a market capitalization of $13.77 billion, a P/E ratio of 16.53 and a beta of 1.12.
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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