Weatherford International plc (WFT) : Analyst Rating Update

Weatherford International plc (WFT) : 13 brokerage houses believe that Weatherford International plc (WFT) is a Strong Buy at current levels. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Weatherford International plc (WFT). Zacks Investment Research suggests a Hold with a rank of 3. 2 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 25 Wall Street Analysts endorse the stock as a Buy with a rating of 2.2.

Weatherford International plc (WFT) has been rated by 21 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $13 and the lowest price target forecast is $4. The average forecast of all the analysts is $7.72 and the expected standard deviation is $2.12.

Weatherford International plc (NYSE:WFT): The stock opened at $5.47 on Wednesday but the bulls could not build on the opening and the stock topped out at $5.54 for the day. The stock traded down to $5.33 during the day, due to lack of any buying support eventually closed down at $5.43 with a loss of -1.99% for the day. The stock had closed at $5.54 on the previous day. The total traded volume was 10,650,277 shares.

Also, Imperial Capital initiates coverage on Weatherford International plc (NYSE:WFT). The current rating of the shares is In-line, according to the research report released by the firm. The brokerage firm announces the price target at $7 per share. The rating by the firm was issued on June 24, 2016. The company shares have dropped -51.02% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $11.82 and the one year low was seen on May 20, 2016. The 50-Day Moving Average price is $5.87 and the 200 Day Moving Average price is recorded at $6.73.

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