Wolseley PLC (OTCMKTS:WOSYY) Receives a Downgrade
In a comprehensive report made public on 15 December, professional analysts at Goldman’s stock research division lowered the rating for Wolseley PLC (OTCMKTS:WOSYY) shares from the previous Buy to a Neutral.
The stock decreased 1.59% or $0.09 on December 15, striking $5.56. Approximately 227,559 shares of stock traded hands or 36.90% up from the average. 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 $13.96 billion. The Firm operates in seven divisions: USA, UK, Canada, Nordic, France, Central and Eastern Europe, and Group. It has 29.63 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.”