Goldman May Have Just Lost Faith in Wolseley PLC (OTCMKTS:WOSYY)

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Wolseley PLC (OTCMKTS:WOSYY) Receives a Downgrade

The Rating of Wolseley PLC (OTCMKTS:WOSYY) shares have been downgraded by Goldman from a Buy rating to a Neutral rating in an analyst research report revealed to investors on Tuesday morning.

Approximately 17,486 shares of stock traded hands. Wolseley plc (ADR) (OTCMKTS:WOSYY) has declined 7.53% since May 12, 2015 and is downtrending. It has underperformed by 3.85% the S&P500.

Wolseley plc is a Switzerland-based specialist trade distributor of plumbing and heating products and building materials in North America, the United Kingdom and Continental Europe. The company has a market cap of $14.06 billion. The Firm operates in seven divisions: USA, UK, Canada, Nordic, France, Central and Eastern Europe, and Group. It has 29.84 P/E ratio. The Group has a network of distribution centers which serve branches for its plumbing and heating businesses with 2,917 branches across 11 countries.

According to Zacks Investment Research, “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.”

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