Chicago Bridge & Iron Company N.V. (CBI) : Analyst Rating Update

Chicago Bridge & Iron Company N.V. (CBI) has an average broker rating of 1.82, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

Chicago Bridge & Iron Company N.V. (CBI) : The highest level Chicago Bridge & Iron Company N.V. (CBI) is projected to reach is $70 for the short term and the lowest estimate is at $38. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $51.13 and the possibility the share price can swing is $9.58.

Chicago Bridge & Iron Company N.V. (NYSE:CBI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.55 and $34.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.51, notching a gain of 1.78% for the day. The total traded volume was 1,430,965 . The stock had closed at $34.89 on the previous day.

Also, Johnson Rice upgrades its rating on Chicago Bridge & Iron Company N.V. (NYSE:CBI). The global brokerage major raises the current price target from $55 per share to $60 per share. Analysts at the Johnson Rice have a current rating of Buy on the shares. The shares were previously rated Accumulate. The rating by the firm was issued on May 16, 2016. The company shares have dropped -22.22% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $53.73 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $36.52 and the 200 Day Moving Average price is recorded at $36.53.

Chicago Bridge and Iron Company N.V. (CBandI) provides a range of services to customers in the energy infrastructure market across the world. The Company also provides various Government services. CBandI operates through four segments: Engineering, Construction and Maintenance, which provides engineering, procurement and construction (EPC) services for energy infrastructure facilities, as well as integrated maintenance services; Fabrication Services, which provides fabrication of piping systems, process and nuclear modules; fabrication and erection of steel plate structures, and manufacturing and distribution of pipe and fittings for various industries, such as oil and gas, mining, mineral processing and power generation; Technology, which provides licensed process technologies, catalysts and engineered products, and offers process planning and project development services, and Environmental Solutions, which provides environmental services for Government and private sector customers.

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