WBI (NYSE:WBI) Price Target Raised to $33.00

by · The Cerbat Gem

WBI (NYSE:WBI – Get Free Report) had its target price lifted by equities researchers at Barclays from $29.00 to $33.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 7.23% from the stock’s previous close.

Several other research firms also recently weighed in on WBI. The Goldman Sachs Group raised shares of WBI from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Monday, April 20th. Morgan Stanley raised their price target on shares of WBI from $34.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday. Wells Fargo & Company raised their price target on shares of WBI from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, March 13th. UBS Group set a $33.00 price target on shares of WBI in a research note on Monday, March 16th. Finally, Weiss Ratings raised shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.40.

Check Out Our Latest Research Report on WBI

WBI Trading Up 1.0%

WBI traded up $0.31 during midday trading on Thursday, hitting $30.78. 653,373 shares of the company traded hands, compared to its average volume of 794,663. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market cap of $3.80 billion and a P/E ratio of 123.10. WBI has a 52-week low of $18.64 and a 52-week high of $31.52. The stock’s 50 day moving average price is $27.16.

About WBI

(Get Free Report)

WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.

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