Willis Towers Watson (WLTW) Price Target Increased to $205.00 by Analysts at Barclays
Willis Towers Watson (NASDAQ:WLTW) had its price target boosted by analysts at Barclays from $200.00 to $205.00 in a research note issued on Wednesday, BenzingaRatingsTable reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price suggests a potential upside of 15.03% from the stock’s previous close.
Several other research firms also recently weighed in on WLTW. Wells Fargo & Co boosted their price target on Willis Towers Watson from $160.00 to $164.00 and gave the company a “market perform” rating in a research note on Tuesday, April 2nd. BidaskClub downgraded Willis Towers Watson from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 14th. MKM Partners boosted their price target on Willis Towers Watson from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Morgan Stanley boosted their price target on Willis Towers Watson from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Finally, Raymond James reiterated a “strong-buy” rating and set a $200.00 price target on shares of Willis Towers Watson in a research note on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Willis Towers Watson has an average rating of “Buy” and a consensus price target of $188.77.
WLTW stock traded down $0.09 on Wednesday, hitting $178.22. 2,426 shares of the company’s stock were exchanged, compared to its average volume of 679,120. Willis Towers Watson has a 12-month low of $134.50 and a 12-month high of $187.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market cap of $23.04 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 1.54 and a beta of 0.81.
In other news, Director Anna C. Catalano sold 1,110 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $180.35, for a total value of $200,188.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.75% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. First Hawaiian Bank raised its holdings in Willis Towers Watson by 5,000.0% in the 1st quarter. First Hawaiian Bank now owns 153 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 150 shares during the period. Investors Research Corp acquired a new position in Willis Towers Watson in the 1st quarter worth about $27,000. We Are One Seven LLC acquired a new position in Willis Towers Watson in the 4th quarter worth about $32,000. Cresset Asset Management LLC acquired a new position in Willis Towers Watson in the 1st quarter worth about $37,000. Finally, JOYN Advisors Inc. raised its holdings in Willis Towers Watson by 91.9% in the 4th quarter. JOYN Advisors Inc. now owns 286 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 137 shares during the period. 93.20% of the stock is owned by institutional investors and hedge funds.
About Willis Towers Watson
Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. The company's Human Capital and Benefits segment offers actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services.
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