What Will Happen to Wolseley plc Next? The Stock Just Reaches 52-Week High

 What Will Happen to Wolseley plc Next? The Stock Just Reaches 52 Week High

The stock of Wolseley plc (LON:WOS) hit a new 52-week high and has GBX 4886.86 target or 4.00% above today’s GBX 4698.90 share price. The 5 months bullish chart indicates low risk for the GBX 11.87 billion company. The 1-year high was reported on Nov, 24 by Barchart.com. If the GBX 4886.86 price target is reached, the company will be worth GBX 474.80 million 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 0.02% or GBX 1.1 on November 24, hitting GBX 4698.9. About 578,953 shares traded hands. Wolseley plc (LON:WOS) has risen 19.44% since April 27, 2016 and is uptrending. It has outperformed by 14.03% 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 161 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by J.P. Morgan on Wednesday, March 16 with “Overweight”. The stock of Wolseley plc (LON:WOS) earned “Overweight” rating by Barclays Capital on Thursday, June 23. The company was maintained on Wednesday, October 7 by JP Morgan. The rating was maintained by Berenberg on Wednesday, November 11 with “Buy”. The firm earned “Overweight” rating on Monday, April 4 by Barclays Capital. The company was maintained on Friday, September 16 by Societe Generale. Beaufort Securities maintained the shares of WOS in a report on Wednesday, March 23 with “Buy” rating. The firm has “Hold” rating by Numis Securities given on Wednesday, September 30. Barclays Capital maintained Wolseley plc (LON:WOS) on Wednesday, November 11 with “Overweight” rating. The company was maintained on Friday, March 11 by Barclays Capital.

Wolseley plc is the holding company of the Wolseley Group of companies. The company has a market cap of 11.87 billion GBP. The Firm is engaged in the distribution of plumbing and heating products and building materials. It has a 23.74 P/E ratio. The Company’s divisions include USA, UK, Nordic, and Canada and Central Europe.

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