Trade Report: The Wolseley plc (WOS) Receives New Coverage from Analysts at Goldman Sachs Group Inc.

The Wolseley plc (WOS) Receives New Coverage from Analysts at Goldman Sachs Group Inc.

Stock analysts at Goldman Sachs Group Inc. began coverage on shares of Wolseley plc (LON:WOS) in a research report issued on Tuesday. The firm set a “neutral” rating and a GBX 4,600 ($60.04) price target on the stock. Goldman Sachs Group Inc.’s target price points to a potential upside of 1.14% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Jefferies Group decreased their price target on Wolseley plc from GBX 4,180 ($54.56) to GBX 4,140 ($54.04) and set a “hold” rating for the company in a report on Tuesday, October 4th. JPMorgan Chase & Co. decreased their price target on Wolseley plc from GBX 4,400 ($57.43) to GBX 4,350 ($56.78) and set a ” neutral” rating for the company in a report on Friday, September 30th. Societe Generale boosted their price objective on Wolseley plc from GBX 4,600 ($60.04) to GBX 4,850 ($63.31) and gave the stock a “buy” rating in a research report on Thursday, September 29th. Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 4,600 ($60.04) price objective on shares of Wolseley plc in a research report on Wednesday, September 28th. Finally, Numis Securities Ltd boosted their price objective on Wolseley plc from GBX 3,845 ($50.19) to GBX 4,240 ($55.35) and gave the stock a “hold” rating in a research report on Wednesday, September 28th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 4,280.18 ($55.87).

Shares of Wolseley plc (LON:WOS) traded up 1.292% on Tuesday, hitting GBX 4530.373. The company had a trading volume of 644,335 shares. The firm’s market capitalization is GBX 11434.97 billion. The company has a 50 day moving average price of GBX 4,362.86 and a 200 day moving average price of GBX 4,048.53. Wolseley plc has a 1-year low of GBX 3,214.00 and a 1-year high of GBX 4,569.00.

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The company also recently disclosed a dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be given a dividend of GBX 66.72 ($0.87) per share. The ex-dividend date of this dividend is Thursday, October 27th. This is a positive change from Wolseley plc’s previous dividend of $33.28. This represents a dividend yield of 1.57%.

In other news, insider Shoylekov,Richard sold 352 shares of the stock in a transaction dated Monday, July 18th. The stock was sold at an average price of GBX 4,093 ($53.43), for a total transaction of £14,407.36 ($18,806.11).

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