Wolseley plc (WOSYY) Lowered to Sell at Zacks Investment Research

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Wolseley plc (NASDAQ:WOSYY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.
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. “
A number of other research analysts have also recently commented on WOSYY. Royal Bank Of Canada raised Wolseley plc from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 9th. JPMorgan Chase & Co. cut Wolseley plc from an “overweight” rating to a “neutral” rating in a report on Monday, June 6th. Jefferies Group cut Wolseley plc from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Liberum Capital raised Wolseley plc from a “hold” rating to a “buy” rating in a report on Friday, June 17th. Finally, Beaufort Securities reissued a “buy” rating on shares of Wolseley plc in a report on Friday, June 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold”.

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Wolseley plc (NASDAQ:WOSYY) opened at 5.60 on Wednesday. The firm’s 50-day moving average is $5.62 and its 200-day moving average is $5.53. The company has a market capitalization of $14.29 billion and a PE ratio of 20.39. Wolseley plc has a 12 month low of $4.60 and a 12 month high of $6.69.

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