Deutsche Bank AG Boosts Wolseley plc (WOS) Price Target to GBX 4,300
Wolseley plc (LON:WOS) had its price objective lifted by research analysts at Deutsche Bank AG from GBX 3,700 ($45.90) to GBX 4,300 ($53.34) in a research report issued on Wednesday. The firm presently has a “hold” rating on the stock. Deutsche Bank AG’s price objective would suggest a potential downside of 6.93% from the company’s previous close.
WOS has been the topic of several other research reports. Jefferies Group cut their price objective on Wolseley plc from GBX 4,180 ($51.85) to GBX 4,140 ($51.36) and set a “hold” rating on the stock in a report on Tuesday, October 4th. Societe Generale reiterated a “buy” rating and issued a GBX 4,600 ($57.06) price objective on shares of Wolseley plc in a report on Friday, September 16th. Liberum Capital reiterated a “buy” rating and issued a GBX 4,650 ($57.69) price objective on shares of Wolseley plc in a report on Tuesday, September 20th. Canaccord Genuity boosted their price objective on Wolseley plc from GBX 4,320 ($53.59) to GBX 4,600 ($57.06) and gave the company a “hold” rating in a report on Wednesday, November 23rd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 4,400 ($54.58) price objective on shares of Wolseley plc in a report on Tuesday, September 20th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. Wolseley plc has an average rating of “Hold” and a consensus target price of GBX 4,424 ($54.88).
Shares of Wolseley plc (LON:WOS) opened at 4659.00 on Wednesday. The firm has a 50-day moving average price of GBX 4,469.81 and a 200-day moving average price of GBX 4,192.20. The stock’s market cap is GBX 11.68 billion. Wolseley plc has a 1-year low of GBX 3,214.00 and a 1-year high of GBX 4,776.00.
The business also recently disclosed a dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, October 27th will be given a dividend of GBX 66.72 ($0.83) per share. This represents a yield of 1.57%. This is a boost from Wolseley plc’s previous dividend of $33.28. The ex-dividend date is Thursday, October 27th.
In other Wolseley plc news, insider Frank Roach sold 40,880 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of GBX 4,199 ($52.09), for a total transaction of £1,716,551.20 ($2,129,451.93).
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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