Today’s Rating Alert: HSBC Reconfirms Wolseley (LON:WOS) As Buy; Has Price Target Of GBX 5350.00

November 23, 2016 - By Vivian Park

Wolseley (LON:WOS) Rating

London: In analysts report sent to investors on 23 November, HSBC kept their Buy rating on shares of Wolseley (LON:WOS). They currently have a GBX 5350.00 PT on the firm. HSBC’s target would suggest a potential upside of 13.08% from the company’s last stock close price.

Wolseley plc (LON:WOS) Ratings Coverage

Out of 26 analysts covering Wolseley (LON:WOS), 12 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 46% are positive. GBX 5500 is the highest target while GBX 3400 is the lowest. The GBX 4338.92 average target is -8.36% below today’s (GBX 4735) stock price. Wolseley has been the topic of 159 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Citigroup upgraded it to “Buy” rating and GBX 4725 target price in Monday, August 17 report. As per Friday, July 8, the company rating was maintained by Credit Suisse. The firm has “Neutral” rating by Natixis given on Thursday, June 2. The firm has “Overweight” rating given on Wednesday, September 30 by Barclays Capital. The company was maintained on Thursday, November 10 by Barclays Capital. The stock of Wolseley plc (LON:WOS) has “Overweight” rating given on Friday, September 25 by J.P. Morgan. The stock of Wolseley plc (LON:WOS) earned “Outperform” rating by Credit Suisse on Tuesday, May 17. Societe Generale maintained the stock with “Buy” rating in Thursday, June 2 report. As per Wednesday, March 23, the company rating was maintained by Beaufort Securities. The stock has “Overweight” rating given by Barclays Capital on Monday, April 4.

About 452,035 shares traded hands. Wolseley plc (LON:WOS) has risen 18.61% since April 26, 2016 and is uptrending. It has outperformed by 13.28% the S&P500.

Wolseley plc is the holding company of the Wolseley Group of companies. The company has a market cap of 11.96 billion GBP. The Firm is engaged in the distribution of plumbing and heating products and building materials. It has a 23.92 P/E ratio. The Company’s divisions include USA, UK, Nordic, and Canada and Central Europe.

Another recent and important Wolseley plc (LON:WOS) news was published by Marketwatch.com which published an article titled: “Wolseley shares drop 4.1% after financial results” on May 28, 2009.

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