Wolseley plc (LON:WOS)‘s stock had its “overweight” rating reissued by analysts at Barclays PLC in a research report issued on Monday. They currently have a GBX 5,600 ($70.38) target price on the stock. Barclays PLC’s price objective would suggest a potential upside of 11.55% from the stock’s previous close.
Several other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 4,650 ($58.44) price objective on shares of Wolseley plc in a research note on Friday, March 24th. Deutsche Bank AG raised their price objective on shares of Wolseley plc from GBX 3,700 ($46.50) to GBX 4,300 ($54.04) and gave the stock a “hold” rating in a research note on Wednesday, November 30th. Liberum Capital restated a “hold” rating and issued a GBX 4,975 ($62.52) price objective on shares of Wolseley plc in a research note on Wednesday, January 18th. Peel Hunt raised their price objective on shares of Wolseley plc from GBX 3,930 ($49.39) to GBX 4,370 ($54.92) and gave the stock a “reduce” rating in a research note on Thursday, February 9th. Finally, Goodbody restated a “buy” rating on shares of Wolseley plc in a research note on Wednesday, December 21st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 4,756.22 ($59.77).
Wolseley plc (LON:WOS) traded down 1.18% during trading on Monday, hitting GBX 5020.00. 1,023,030 shares of the stock traded hands. Wolseley plc has a one year low of GBX 3,489.00 and a one year high of GBX 5,285.00. The company has a 50-day moving average price of GBX 5,019.16 and a 200 day moving average price of GBX 4,756.57. The stock’s market cap is GBX 12.60 billion.
The business also recently disclosed a dividend, which will be paid on Friday, April 28th. Shareholders of record on Thursday, April 6th will be issued a dividend of GBX 36.67 ($0.46) per share. The ex-dividend date of this dividend is Thursday, April 6th. This represents a dividend yield of 0.71%.
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.