Price Target Update on Weatherford International plc (NYSE:WFT)

Weatherford International plc (NYSE:WFT) : 20 investment research analysts covering Weatherford International plc (NYSE:WFT) have an average price target of $7.76 for the near short term. The highest target price given by the Brokerage Firm to the stock is $13 and the lowest target is $4 for the short term. Analysts expect the variance to be within $2.17 of the average price.

Other Equity analysts have also commented on the company shares. Citigroup maintains their rating on the shares of Weatherford International plc (NYSE:WFT). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $8 per share from $7 per share. The rating by the firm was issued on June 14, 2016.

Weatherford International plc (NYSE:WFT): stock turned positive on Thursday. Though the stock opened at $6.23, the bulls momentum made the stock top out at $6.31 level for the day. The stock recorded a low of $6.1 and closed the trading day at $6.29, in the green by 3.11%. The total traded volume for the day was 12,204,137. The stock had closed at $6.1 in the previous days trading.

The company shares have dropped -51.82% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $13.26 and the one year low was seen on May 20, 2016. The 50-Day Moving Average price is $5.91 and the 200 Day Moving Average price is recorded at $6.96. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Weatherford International Plc, Kalman Francis S had purchased shares worth of $158,700 in a transaction dated on May 9, 2016. A total of 30,000 shares were purchased at a price of $5.29 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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