Wolseley rated ‘above average’
Published: 27 November, 2009
PORTUGAL: Wolseley is undervalued and is more likely to outperform the market compared to its closest peer, BSS Group, according to the latest report issued by investment firm, Sadif Analytics.
The analysts rate Wolseley an "above average quality company with a neutral outlook" in an eight-page report assessing the national merchant's performance for long-term investors.
In a separate report, Kingfisher – owners of B&aQ – is rated similarly to Wolseley.
"Kingfisher has medium business growth and is run by efficient management. When compared to its closest peer, Travis Perkins, Kingfisher shows less undervaluation and is equally likely to outperform the market," the report said.
Marques Mendes & Associados is a Portuguese-based company that operates the SADIF Newsletter and investment management portal. It offers independent equity research tools and reports enabling individual investors and institutions to make informed investment decisions.