Analyst Rating Update on Weatherford International plc (WFT)

Weatherford International plc (WFT) has an average broker rating of 2.22, which is interpreted as a Buy, as rated by 23 equity analysts. Nonetheless, 12 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 7 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. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 2 considers that the stock is a Sell.

Weatherford International plc (WFT) : The consensus price target for Weatherford International plc (WFT) is $7.71 for the short term with a standard deviation of $2.19. The most optimist securities analyst among the 20 who monitor the stock believes that the stock can reach $13, however, the pessimist price target for the company is $5.

For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Citigroup maintains its ratings on Weatherford International plc (NYSE:WFT). In the latest research report, Citigroup lowers the target price from $8 per share to $7 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on July 29, 2016.


Weatherford International plc (NYSE:WFT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.30 and $5.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.44, notching a gain of 2.45% for the day. The total traded volume was 16,733,298 . The stock had closed at $5.31 on the previous day.

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