Today Wolseley plc Stock Reaches 52-Week High

 Today Wolseley plc Stock Reaches 52 Week High

The stock of Wolseley plc (LON:WOS) hit a new 52-week high and has GBX 5477.75 target or 22.00% above today’s GBX 4489.96 share price. The 7 months bullish chart indicates low risk for the GBX 11.46B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the GBX 5477.75 price target is reached, the company will be worth GBX 2.52 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 2.14% or GBX 98.04 on November 11, hitting GBX 4489.96. About 1.15M shares traded hands or 32.50% up from the average. Wolseley plc (LON:WOS) has risen 16.83% since April 15, 2016 and is uptrending. It has outperformed by 10.69% the S&P500.

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. Wolseley has been the topic of 159 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Societe Generale maintained Wolseley plc (LON:WOS) rating on Thursday, September 29. Societe Generale has “Buy” rating and GBX 4850 price target. Beaufort Securities maintained Wolseley plc (LON:WOS) on Thursday, June 2 with “Buy” rating. On Wednesday, November 11 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Overweight” rating given on Monday, July 11 by Barclays Capital. Barclays Capital maintained the shares of WOS in a report on Tuesday, January 19 with “Overweight” rating. The firm has “Underperform” rating by BNP Paribas given on Wednesday, September 28. The stock of Wolseley plc (LON:WOS) has “Underperform” rating given on Thursday, June 2 by BNP Paribas. The stock has “Buy” rating given by Jefferies on Monday, June 13. The firm has “Outperform” rating by Credit Suisse given on Tuesday, November 24. The company was maintained on Thursday, June 2 by Natixis.

Wolseley plc is the holding company of the Wolseley Group of companies. The company has a market cap of 11.46 billion GBP. The Firm is engaged in the distribution of plumbing and heating products and building materials. It has a 22.68 P/E ratio. The Company’s divisions include USA, UK, Nordic, and Canada and Central Europe.

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