Wolseley plc (LON:WOS)‘s stock had its “hold” rating reiterated by equities research analysts at Canaccord Genuity in a research report issued to clients and investors on Tuesday. They presently have a GBX 5,400 ($68.80) price objective on the stock. Canaccord Genuity’s price objective suggests a potential upside of 10.57% from the stock’s current price.
Several other equities analysts also recently weighed in on the stock. Berenberg Bank raised their price target on shares of Wolseley plc from GBX 4,200 ($53.51) to GBX 5,700 ($72.62) and gave the stock a “buy” rating in a research note on Friday, May 19th. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 4,650 ($59.24) price target on shares of Wolseley plc in a research note on Friday, March 24th. Liberum Capital reaffirmed a “hold” rating and set a GBX 4,975 ($63.38) target price on shares of Wolseley plc in a research note on Wednesday, May 3rd. Barclays PLC reaffirmed a “top pick” rating and set a GBX 5,600 ($71.35) target price (up from GBX 5,000 ($63.70)) on shares of Wolseley plc in a research note on Wednesday, March 15th. Finally, Peel Hunt reaffirmed an “under review” rating on shares of Wolseley plc in a research note on Tuesday, March 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 5,021.38 ($63.97).
Wolseley plc (LON WOS) traded up 0.10% on Tuesday, hitting GBX 4889.00. 922,864 shares of the company were exchanged. The company’s market capitalization is GBX 12.27 billion. Wolseley plc has a 52 week low of GBX 3,501.00 and a 52 week high of GBX 5,285.00. The firm’s 50 day moving average is GBX 4,953.23 and its 200 day moving average is GBX 4,955.14.
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In other Wolseley plc news, insider Darren M. Shapland acquired 100 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was purchased at an average price of GBX 4,928 ($62.79) per share, for a total transaction of £4,928 ($6,278.51).
About Wolseley plc
Wolseley plc is the holding company of the Wolseley Group of companies. The Company is engaged in the distribution of plumbing and heating products and building materials. The Company’s segments include USA, UK, Nordic, and Canada and Central Europe. The Company operates seven business units in the United States, six of these mainly operate in the business to business (B2B) market with one operating in the business to consumer (B2C) market.
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