Goldman Sachs Group Inc. began coverage on shares of Wolseley plc (LON:WOS) in a report released on Tuesday morning. The brokerage issued a neutral rating and a GBX 4,600 ($60.04) target price on the stock.
Several other research firms have also issued reports on WOS. Credit Suisse Group AG reaffirmed an outperform rating and issued a GBX 4,600 ($60.04) target price on shares of Wolseley plc in a report on Wednesday, September 28th. Liberum Capital reaffirmed a buy rating and issued a GBX 4,650 ($60.70) target price on shares of Wolseley plc in a report on Tuesday, September 20th. Royal Bank Of Canada raised Wolseley plc to an outperform rating and upped their target price for the company from GBX 3,400 ($44.38) to GBX 4,000 ($52.21) in a report on Thursday, June 9th. Societe Generale reaffirmed a buy rating and issued a GBX 4,600 ($60.04) target price on shares of Wolseley plc in a report on Friday, September 16th. Finally, Barclays PLC reaffirmed an overweight rating and issued a GBX 5,000 ($65.27) target price on shares of Wolseley plc in a report on Wednesday, September 28th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 4,280.18 ($55.87).
Wolseley plc (LON:WOS) opened at 4513.00 on Tuesday. The firm has a 50-day moving average price of GBX 4,354.08 and a 200 day moving average price of GBX 4,045.03. The firm’s market capitalization is GBX 11.44 billion. Wolseley plc has a one year low of GBX 3,214.00 and a one year high of GBX 4,569.00.
The firm also recently disclosed a dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, October 27th will be given a GBX 66.72 ($0.87) dividend. This represents a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, October 27th. This is an increase from Wolseley plc’s previous dividend of $33.28.
In related news, insider Shoylekov,Richard sold 352 shares of the stock in a transaction on Monday, July 18th. The stock was sold at an average price of GBX 4,093 ($53.43), for a total value of £14,407.36 ($18,806.11).