Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
Shares in builders and plumbers merchant chains Wolseley and Travis Perkins rose to their highest levels for two and half years yesterday (January 11).
Wolseley’s market value rose 64% last year and broker Citigroup estimates that shares could reach £30 by the end of this year, with a £45 level in three years not out of the question.
Meanwhile broker Numis expects Travis Perkins’ acquisition of BSS to enhance earnings per share by more than 13%. As a result, Travis shares are also being tipped as ones to buy.
