Weatherford International plc (WFT) Receives Price Target

Weatherford International plc (WFT) stock is expected to deviate a maximum of $2.16 from the average target price of $7.81 for the short term period. 19 Street Experts have initiated coverage on the stock with the most promising target being $13 and the most muted being $5.

Weatherford International plc (WFT) has an average broker rating of 2.18, which is interpreted as a Buy, as rated by 22 equity analysts. Nonetheless, 12 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 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.


Also, Equity Analysts at the Brokerage Firm, Jefferies, maintains their rating on the shares of Weatherford International plc (NYSE:WFT). Jefferies has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $7 per share from a prior target of $8. The rating by the firm was issued on August 2, 2016.

Weatherford International plc (NYSE:WFT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.44 and $5.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.49, notching a gain of 0.37% for the day. The total traded volume was 14,211,532 . The stock had closed at $5.47 on the previous day.

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