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

WBI (NYSE:WBI) had its price target lifted by stock analysts at Barclays from $29.00 to $33.00 in a note issued to investors 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 company’s current price.

Other analysts also recently issued reports about the stock. Morgan Stanley increased their price target on shares of WBI from $34.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday. Wells Fargo & Company increased their price target on shares of WBI from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, March 13th. 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 report on Monday, April 20th. Weiss Ratings raised shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Finally, UBS Group set a $33.00 price target on shares of WBI in a report on Monday, March 16th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.40.

WBI Price Performance

WBI stock traded up $0.31 during mid-day trading on Thursday, reaching $30.78. 653,373 shares of the company traded hands, compared to its average volume of 794,663. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.79. WBI has a fifty-two week low of $18.64 and a fifty-two week high of $31.52. The firm has a market capitalization of $3.80 billion and a P/E ratio of 123.10. The company has a fifty day moving average price of $27.16.

About WBI

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