Wolseley PLC

Ferguson Plc, formerly Wolseley plc, is a Switzerland-based holding company. The Company is engaged in the distribution of plumbing and heating products and building materials. The Company's segments include USA, UK, Nordics, 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.
  • TickerA2JAL6
  • ISINJE00BFNWV485
  • SectorSupport Services
  • CountryUnited Kingdom

Analysts

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Emmanuel Matot
  • Louis Boujard
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/30/2018

For the moment, 5G has generated more anxiety than real enthusiasm among investors. Our analysis suggests a smooth transition for capex, but that the incident with the spectrum auctions might weigh on sentiment. We favour the German market if the absence of a fourth player is confirmed on 26 November. Deutsche Telekom (Buy, target price € 17.7) is our Top Pick. Cf. sector report published last evening. - ...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Emmanuel Matot
  • Louis Boujard
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 30/10/2018

La 5G génère pour l’heure plus d’anxiété qu’un réel engouement auprès des investisseurs. Notre analyse nous conduit à penser que la transition se fera en douceur sur les Capex mais que l’épisode des enchères de spectre risque de peser sur le sentiment. Nous privilégions l’Allemagne si le 26/11 confirme l'absence de 4e acteur. Deutsche Telekom (Achat, OC 17.7 €) est notre top pick. Cf.étude publiée hier soir. - ...

Samantha Jeary ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : Building France: September, continued slowdown in the non-residential segment

>Negative stock market impact - Figures down in September in both the residential and non-residential segments The slowdown in the residential segment, which was not in doubt, continues. The bad news stems from figures in non-residential, which confirm the decline observed in August, with new building starts now showing a decline over three months rolling, as is the case for building permits. Over twelve months rolling, new building starts in the non-residential segme...

Samantha Jeary ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : Bâtiment France : Septembre, poursuite du ralentissement dans le non résidentiel

>Impact boursier négatif - Chiffres en baisse en septembre à la fois dans le résidentiel et dans le non résidentiel. Le ralentissement dans le résidentiel, qui ne faisait pas de doute, continue. La mauvaise nouvelle provient des chiffres du non résidentiel, qui confirment le repli observé en août, avec des mises en chantier qui s’affichent désormais en baisse sur trois mois glissants, comme pour les permis de construire. Sur 12 mois glissants, les mises en chantier da...

Aurelien Sivignon ...
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Michael Foundoukidis
  • Nicolas David
  • Salma Bouraoui
  • Sven Edelfelt
  • Team Pharma
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 10/26/2018 Date Performance since listing Date Performance since listing

...

Samantha Jeary ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : Building France: September, continued slowdown in the non-residential segment

>Negative stock market impact - Figures down in September in both the residential and non-residential segments The slowdown in the residential segment, which was not in doubt, continues. The bad news stems from figures in non-residential, which confirm the decline observed in August, with new building starts now showing a decline over three months rolling, as is the case for building permits. Over twelve months rolling, new building starts in the non-residential segme...

Samantha Jeary ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : Bâtiment France : Septembre, poursuite du ralentissement dans le non résidentiel

>Impact boursier négatif - Chiffres en baisse en septembre à la fois dans le résidentiel et dans le non résidentiel. Le ralentissement dans le résidentiel, qui ne faisait pas de doute, continue. La mauvaise nouvelle provient des chiffres du non résidentiel, qui confirment le repli observé en août, avec des mises en chantier qui s’affichent désormais en baisse sur trois mois glissants, comme pour les permis de construire. Sur 12 mois glissants, les mises en chantier da...

Sven Edelfelt ...
  • Virginie Rousseau

ODDO : Cemex: Q3 below and energy costs are the culprit

>Q3 2018 results lower than forecast - Cemex has reported its Q3 2018 results. EBITDA clocked in at $ 704m, -1,8% shy of the consensus ($ 717m), up 2% l-f-l and stable vs Q3 2017. Sales in Q3 grew by 6% in real terms and 8% l-f-l ($ 3.748bn). FCF dropped by 19% in Q3 after 26% in Q2 (-22% over the first nine months).Highlights - Hikes in selling prices continuing in all divisions (in an attempt to offset the rise in energy costs) and volumes growth in...

Sven Edelfelt ...
  • Virginie Rousseau

ODDO : Cemex: T3 en dessous et un coupable nommé coûts d’énergie

>Résultats T3 2018 en dessous des attentes - Cemex a publié ses résultats du T3 2018. L’EBITDA ressort à 704 M$, soit -1,8% en dessous du consensus (717 M$) en progression de 2% à pcc et stable par rapport au T3 2017. Sur le T3, le CA augmente de 6% en réel et de 8% à pcc (3 748 M$). Le FCF recule de 19 % sur le T3 après 26% au T2 (-22% sur les 9m).A retenir - Poursuite de la hausse des prix de vente dans toutes les divisions (dans une tentative de co...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Harald Eggeling
  • Rémi Adam
  • Stephane Houri
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/03/2018

...

1 director bought

A director at Ferguson bought 5,523 shares at 5,418p and the significance rating of the trade was 58/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board m...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Emmanuel Matot
  • Louis Boujard
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/30/2018

For the moment, 5G has generated more anxiety than real enthusiasm among investors. Our analysis suggests a smooth transition for capex, but that the incident with the spectrum auctions might weigh on sentiment. We favour the German market if the absence of a fourth player is confirmed on 26 November. Deutsche Telekom (Buy, target price € 17.7) is our Top Pick. Cf. sector report published last evening. - ...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Emmanuel Matot
  • Louis Boujard
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 30/10/2018

La 5G génère pour l’heure plus d’anxiété qu’un réel engouement auprès des investisseurs. Notre analyse nous conduit à penser que la transition se fera en douceur sur les Capex mais que l’épisode des enchères de spectre risque de peser sur le sentiment. Nous privilégions l’Allemagne si le 26/11 confirme l'absence de 4e acteur. Deutsche Telekom (Achat, OC 17.7 €) est notre top pick. Cf.étude publiée hier soir. - ...

Aurelien Sivignon ...
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Michael Foundoukidis
  • Nicolas David
  • Salma Bouraoui
  • Sven Edelfelt
  • Team Pharma
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 10/26/2018 Date Performance since listing Date Performance since listing

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Léopold Authié
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Olivier Lebrun
  • Pierre Tegner
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Team Pharma
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/26/2018

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Léopold Authié
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Olivier Lebrun
  • Pierre Tegner
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Team Pharma
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/10/2018

...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

Wolseley plc - Strategy, SWOT and Corporate Finance Report

Summary Wolseley plc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Findings - Detailed information on Wolseley plc required for business and competitor intelligence needs - A study of the major internal and external factors affecting Wolseley plc in the form of a SWOT analysis - An in-depth view of the business model of Wolseley plc including a breakdown and examination of...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 28/11/2017

Item 2: Approve the Remuneration Report. The structure is weighted more towards rewarding long-term performance and the quantum is moderate. The payout is aligned with performance, though there are concerns that bonus targets may not be sufficiently challenging. Accelerated vesting in the event of a change of control is possible.

Louis AZAIS

Analyse court terme - FERGUSON PLC : Le pennant vient d'être déclenché.

Le précédent sommet vient d'être franchi, ceci confirme la tendance haussière. Le prochain objectif est à 6 294,00 p. Le niveau d'invalidation est sous 5 754,00 p.Arguments :- Les cours font un nouveau plus haut historique, ce qui témoigne de la force de la tendance.- La moyenne mobile sert de support.- Le pennant vient d'être déclenché.

Louis AZAIS

Short term view - FERGUSON PLC : Prices just broke out of the pennant.

The previous high has been passed, the bullish trend is confirmed. The next target is at 6,294.00 p. The invalidation level is below 5,754.00 p.Arguments :- Prices made a new all-time-high, this confirms the strength of the trend.- The moving average is supporting prices.- Prices just broke out of the pennant.

Valérie GASTALDY

Analyse moyen terme - FERGUSON PLC : Plus haut historique

La tendance est toujours haussière, son niveau d'invalidation est sous 5 046,00 p. L'objectif est à 6 725,00 p.Arguments :- Les cours font un nouveau plus haut historique, ce qui témoigne de la force de la tendance.- La moyenne mobile sert de support.

Valérie GASTALDY

Medium term view - FERGUSON PLC : All-time-high

The trend is still bullish, the invalidation level is below 5,046.00 p. The target is at 6,725.00 p.Arguments :- Prices made a new all-time-high, this confirms the strength of the trend.- The moving average is supporting prices.

Louis AZAIS

Analyse court terme - FERGUSON PLC : La moyenne mobile sert de support.

Le précédent sommet vient d'être franchi, ceci confirme la tendance haussière. Le prochain objectif est à 6 085,00 p. Le niveau d'invalidation est sous 5 487,00 p.Arguments :- Les cours font un nouveau plus haut historique, ce qui témoigne de la force de la tendance.- La moyenne mobile sert de support.

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