Wolseley plc (LON:WOS) had its price objective upped by equities research analysts at HSBC from GBX 4,450 ($55.60) to GBX 5,350 ($66.84) in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. HSBC’s price objective indicates a potential upside of 13.68% from the company’s current price.
Several other equities analysts also recently weighed in on WOS. Liberum Capital reiterated a “buy” rating and issued a GBX 4,650 ($58.10) target price on shares of Wolseley plc in a research note on Tuesday, September 20th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 4,600 ($57.47) price objective on shares of Wolseley plc in a research note on Wednesday, September 28th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 5,000 ($62.47) price objective on shares of Wolseley plc in a research note on Wednesday, September 28th. Societe Generale reaffirmed a “buy” rating and set a GBX 4,600 ($57.47) price objective on shares of Wolseley plc in a research note on Friday, September 16th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Wolseley plc from GBX 4,400 ($54.97) to GBX 4,350 ($54.35) and set a ” neutral” rating for the company in a research note on Friday, September 30th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 4,395.43 ($54.92).
Wolseley plc (LON:WOS) opened at 4695.00 on Wednesday. The company’s market cap is GBX 11.77 billion. The stock’s 50 day moving average is GBX 4,461.35 and its 200 day moving average is GBX 4,179.74. 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 is an increase from Wolseley plc’s previous dividend of $33.28. This represents a yield of 1.57%. The ex-dividend date of this dividend is Thursday, October 27th.
In other Wolseley plc news, insider Frank Roach sold 40,880 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of GBX 4,199 ($52.46), for a total transaction of £1,716,551.20 ($2,144,616.69).