Analyst Price Target Update on Chicago Bridge & Iron Company N.V. (NYSE:CBI)

Chicago Bridge & Iron Company N.V. (NYSE:CBI): 8 Analyst have given the stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) a near short term price target of $51.13. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $9.58. The higher price target estimate is at $70 while the lower price estimates are fixed at $38.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Johnson Rice, upgrades their rating on the shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI). Johnson Rice has a Buy rating on the shares. Previously, the analysts had a Accumulate rating on the shares. As per the latest research report, the brokerage house raises the price target to $60 per share from a prior target of $55. The rating by the firm was issued on May 16, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The officer (EXECUTIVE VICE PRESIDENT) of Chicago Bridge & Iron Co N V, Bailey Beth A sold 2,701 shares at $38 on June 3, 2016. The Insider selling transaction had a total value worth of $102,638. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.56 points or 1.51% at $36.51 with 963,996 shares getting traded. Post opening the session at $36.75, the shares hit an intraday low of $36.48 and an intraday high of $37.13 and the price was in this range throughout the day. The company has a market cap of $3,844 million and the number of outstanding shares have been calculated to be 105,274,916 shares. The 52-week high of Chicago Bridge & Iron Company N.V. (NYSE:CBI) is $54.74 and the 52-week low is $31.3.

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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