Zacks Investment Research cut shares of Wolseley plc (NASDAQ:WOSYY) from a hold rating to a sell rating in a report released on Wednesday.

According to Zacks, “Wolseley is the world’s largest trade distributor of plumbing and heating products and a leading supplier of building materials. Wolseley operates in five geographic regions: the United States, Canada, the Nordic region, the United Kingdom and Central Europe and France. They supply customers in the new; repair, maintenance and improvement and civil infrastructure sectors. “

Other equities analysts have also issued reports about the company. Beaufort Securities reissued a buy rating on shares of Wolseley plc in a report on Friday, June 3rd. Goodbody reissued a hold rating on shares of Wolseley plc in a report on Wednesday, June 1st. Jefferies Group lowered Wolseley plc from a buy rating to a hold rating in a report on Friday, August 5th. Liberum Capital raised Wolseley plc from a hold rating to a buy rating in a report on Friday, June 17th. Finally, JPMorgan Chase & Co. lowered Wolseley plc from an overweight rating to a neutral rating in a report on Monday, June 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold.

Shares of Wolseley plc (NASDAQ:WOSYY) opened at 5.695 on Wednesday. Wolseley plc has a 12 month low of $4.60 and a 12 month high of $6.63. The company has a market cap of $14.53 billion and a price-to-earnings ratio of 20.412. The company’s 50-day moving average price is $5.65 and its 200-day moving average price is $5.54.

About Wolseley plc

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