Brokerage Firm Rating Update on Weatherford International plc (WFT)

Weatherford International plc (WFT) : 22 analysts are covering Weatherford International plc (WFT) and their average rating on the stock is 2.18, which is read as a Buy. 12 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 2 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

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.


For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Jefferies maintains its outlook on Weatherford International plc (NYSE:WFT). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm lowers the price target from $8 per share to $7 per share. The rating by the firm was issued on August 2, 2016.

Weatherford International plc (NYSE:WFT): The stock was completely flat for the day, closing at $5.80 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $5.79, the stock touched an intraday high of $5.91 and a low of $5.76. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $5.80. The total trading volume on Wednesday was 9,614,901.

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