The Wolseley plc’s (WOS) “Hold” Rating Reaffirmed at Liberum Capital

The Wolseley plc’s (WOS) “Hold” Rating Reaffirmed at Liberum Capital

Liberum Capital reissued their hold rating on shares of Wolseley plc (LON:WOS) in a research note published on Wednesday. They currently have a GBX 4,975 ($60.02) price objective on the stock.

Several other brokerages also recently commented on WOS. JPMorgan Chase & Co. lowered their target price on shares of Wolseley plc from GBX 4,400 ($53.08) to GBX 4,350 ($52.48) and set a  neutral rating for the company in a research note on Friday, September 30th. Royal Bank Of Canada upped their target price on shares of Wolseley plc from GBX 4,400 ($53.08) to GBX 4,900 ($59.11) and gave the company an outperform rating in a research note on Thursday, October 13th. Canaccord Genuity reaffirmed a hold rating and issued a GBX 4,600 ($55.50) target price on shares of Wolseley plc in a research note on Tuesday, December 6th. Societe Generale reaffirmed a buy rating and issued a GBX 5,500 ($66.35) target price on shares of Wolseley plc in a research note on Friday, October 21st. Finally, Barclays PLC reaffirmed an overweight rating and issued a GBX 5,000 ($60.32) target price on shares of Wolseley plc in a research note on Thursday, November 10th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 4,456.86 ($53.77).

Shares of Wolseley plc (LON:WOS) opened at 4936.00 on Wednesday. The firm’s market cap is GBX 12.37 billion. Wolseley plc has a 1-year low of GBX 3,214.00 and a 1-year high of GBX 5,050.00. The company has a 50 day moving average of GBX 4,906.24 and a 200 day moving average of GBX 4,472.66.

In other news, insider Frank Roach sold 40,880 shares of the firm’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of GBX 4,199 ($50.66), for a total transaction of £1,716,551.20 ($2,070,878.51).

Wolseley plc Company Profile

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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