Wolseley plc (LON:WOS) had its price target boosted by Royal Bank Of Canada from GBX 4,400 ($53.63) to GBX 4,900 ($59.72) in a research report sent to investors on Thursday morning. They currently have an outperform rating on the stock.
A number of other brokerages also recently weighed in on WOS. Liberum Capital reiterated a buy rating and issued a GBX 4,700 ($57.28) price target on shares of Wolseley plc in a research report on Monday, October 10th. Canaccord Genuity increased their price target on shares of Wolseley plc from GBX 4,150 ($50.58) to GBX 4,340 ($52.89) and gave the company a buy rating in a research report on Tuesday, September 6th. Goldman Sachs Group Inc. assumed coverage on shares of Wolseley plc in a research report on Tuesday, October 4th. They issued a neutral rating and a GBX 4,600 ($56.06) price target on the stock. Jefferies Group cut their price target on shares of Wolseley plc from GBX 4,180 ($50.94) to GBX 4,140 ($50.46) and set a hold rating on the stock in a research report on Tuesday, October 4th. Finally, JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 4,400 ($53.63) price target on shares of Wolseley plc in a research report on Tuesday, September 20th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 4,321.09 ($52.66).
Shares of Wolseley plc (LON:WOS) opened at 4557.00 on Thursday. The firm has a 50-day moving average of GBX 4,403.14 and a 200 day moving average of GBX 4,075.47. The company’s market capitalization is GBX 11.55 billion. Wolseley plc has a 52-week low of GBX 3,214.00 and a 52-week high of GBX 4,605.00.
The company also recently announced a dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be issued a dividend of GBX 66.72 ($0.81) per share. The ex-dividend date of this dividend is Thursday, October 27th. This represents a dividend yield of 1.57%. This is an increase from Wolseley plc’s previous dividend of $33.28.
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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