Wolseley plc (WOSYY) Downgraded to Hold at Zacks Investment Research
Zacks Investment Research downgraded shares of Wolseley plc (NASDAQ:WOSYY) from a buy rating to a hold rating in a research note released on Friday morning.
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 recently issued research reports about the stock. ValuEngine raised shares of Wolseley plc from a hold rating to a buy rating in a research report on Tuesday, June 27th. Canaccord Genuity raised shares of Wolseley plc from a hold rating to a buy rating in a research report on Wednesday, June 21st. Liberum Capital raised shares of Wolseley plc from a hold rating to a buy rating in a research report on Friday, June 16th. HSBC Holdings plc reissued a hold rating on shares of Wolseley plc in a research report on Friday, April 7th. Finally, J P Morgan Chase & Co raised shares of Wolseley plc from a neutral rating to an overweight rating in a research report on Monday, June 5th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $6.50.
Wolseley plc (NASDAQ WOSYY) opened at 5.95 on Friday. The firm’s 50-day moving average price is $6.11 and its 200-day moving average price is $6.23. Wolseley plc has a 12 month low of $5.06 and a 12 month high of $6.64. The firm has a market cap of $14.93 billion and a P/E ratio of 19.17.
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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.
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