The Wolseley plc (WOS) Upgraded by JPMorgan Chase & Co. to Overweight

The Wolseley plc (WOS) Upgraded by JPMorgan Chase & Co. to Overweight

WOS has been the topic of a number of other reports. Barclays PLC reissued a “top pick” rating and set a GBX 5,600 ($71.93) target price (up from GBX 5,000 ($64.23)) on shares of Wolseley plc in a research report on Wednesday, March 15th. Liberum Capital reissued a “hold” rating and set a GBX 4,975 ($63.90) target price on shares of Wolseley plc in a research report on Tuesday, March 28th. Canaccord Genuity boosted their target price on shares of Wolseley plc from GBX 5,090 ($65.38) to GBX 5,195 ($66.73) and gave the stock a “hold” rating in a research report on Wednesday, March 29th. Berenberg Bank boosted their target price on shares of Wolseley plc from GBX 4,200 ($53.95) to GBX 5,700 ($73.22) and gave the stock a “buy” rating in a research report on Friday, May 19th. Finally, HSBC Holdings plc cut shares of Wolseley plc to a “hold” rating and reduced their target price for the stock from GBX 5,350 ($68.72) to GBX 5,150 ($66.15) in a research report on Friday, April 7th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 4,983.25 ($64.01).

Wolseley plc (LON:WOS) was upgraded by JPMorgan Chase & Co. to an “overweight” rating in a report issued on Monday. The brokerage presently has a GBX 5,600 ($71.93) target price on the stock, up from their prior target price of GBX 4,960 ($63.71). JPMorgan Chase & Co.’s target price suggests a potential upside of 11.22% from the company’s current price.

Shares of Wolseley plc (LON:WOS) opened at 5058.7578 on Monday. Wolseley plc has a 12 month low of GBX 3,489.00 and a 12 month high of GBX 5,285.00. The stock’s market capitalization is GBX 12.70 billion. The firm has a 50 day moving average of GBX 4,949.66 and a 200-day moving average of GBX 4,930.10.

In other Wolseley plc news, insider Darren M. Shapland bought 100 shares of the stock in a transaction on Tuesday, May 23rd. The stock was purchased at an average price of GBX 4,928 ($63.30) per share, for a total transaction of £4,928 ($6,330.12).

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:WOS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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