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A statement released earlier today by Zacks Investment Research about Wolseley plc (ADR) (NASDAQ:WOSYY) bumps the target price to $7.00

Yesterday Wolseley plc (ADR) (NASDAQ:WOSYY) traded 0.94% higher at $6.19. The company’s 50-day moving average is $6.13 and its 200-day moving average is $5.76. The last stock close price is up 8.41% from the 200-day moving average, compared to the S&P 500 which has increased 0.06% over the same time. 98,805 shares of the stock were exchanged, down from an average trading volume of 314,571

Zacks Investment Research upped the stock price target of Wolseley plc (ADR) (NASDAQ:WOSYY) to $7.00 reporting a possible upside of 0.13%.

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Wolseley plc (ADR) (NASDAQ:WOSYY)

Wolseley plc (ADR) has a 52 week low of $4.62 and a 52 week high of $6.34 with a P/E ratio of 19.40 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 1 firm has reported on the stock. The consensus target price is $6.58 with 1 firm rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Wolseley plc (ADR) (NASDAQ:WOSYY)

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. The Company, through Wolseley UK, operates approximately three businesses in the B2B market and has over 737 branches covering the whole country. The Nordic region consists of five businesses that operate a total of approximately 256 branches across over four countries, supported by approximately five distribution centers. The Company's businesses serve residential repair, maintenance and improvement (RMI) and new construction markets. Ferguson Enterprises, Inc (Ferguson) is the Company's primary brand in the USA segment.

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