Wolseley plc (WOSYY) Receives Average Rating of “Buy” from Analysts
Shares of Wolseley plc (NASDAQ:WOSYY) have been given an average recommendation of “Buy” by the ten analysts that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $6.50.
A number of research firms recently issued reports on WOSYY. J P Morgan Chase & Co upgraded Wolseley plc from a “neutral” rating to an “overweight” rating in a research report on Monday, June 5th. Canaccord Genuity upgraded Wolseley plc from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. ValuEngine upgraded Wolseley plc from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research upgraded Wolseley plc from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a research report on Thursday, July 13th. Finally, Liberum Capital upgraded Wolseley plc from a “hold” rating to a “buy” rating in a research report on Friday, June 16th.
Wolseley plc (NASDAQ:WOSYY) opened at 5.95 on Tuesday. The firm has a 50-day moving average price of $6.11 and a 200 day moving average price of $6.23. Wolseley plc has a 52-week low of $5.06 and a 52-week high of $6.64.
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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