Willis Towers Watson PLC (WLTW) Sees Unusually-High Trading Volume
Shares of Willis Towers Watson PLC (NASDAQ:WLTW) saw an uptick in trading volume on Friday . 2,079,275 shares changed hands during mid-day trading, an increase of 126% from the previous session’s volume of 920,562 shares.The stock last traded at $122.72 and had previously closed at $122.56.
A number of brokerages have issued reports on WLTW. Janney Montgomery Scott downgraded shares of Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a research report on Friday, June 24th. Citigroup Inc. reaffirmed a “buy” rating and issued a $148.00 price objective (up from $136.00) on shares of Willis Towers Watson PLC in a research report on Tuesday, June 21st. Jefferies Group reduced their price objective on shares of Willis Towers Watson PLC from $147.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, August 8th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $122.00 price objective on shares of Willis Towers Watson PLC in a research report on Tuesday, June 28th. Finally, Langen Mcalenn downgraded shares of Willis Towers Watson PLC from a “buy” rating to a “neutral” rating in a research report on Friday, June 24th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $106.40.
The firm has a market capitalization of $16.94 billion and a P/E ratio of 31.51. The company has a 50-day moving average of $123.52 and a 200-day moving average of $121.12.
Willis Towers Watson PLC (NASDAQ:WLTW) last issued its earnings results on Friday, August 5th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.01. The firm earned $1.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. The firm’s revenue was up 114.2% compared to the same quarter last year. On average, analysts predict that Willis Towers Watson PLC will post $7.74 earnings per share for the current year.
In other Willis Towers Watson PLC news, Director Anna C. Catalano sold 390 shares of Willis Towers Watson PLC stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $122.00, for a total value of $47,580.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Willis Towers Watson Public Limited Company (Willis Towers Watson) is a holding company. The Company operates as a global advisory, broking and solutions company. It is engaged in offering risk management, insurance broking, consulting, technology and solutions, and private exchanges. The Company operates through eight segments: Willis International; Willis North America; Willis Capital, Wholesale & Reinsurance (CWR); Willis GB; Towers Watson Benefits; Towers Watson Exchange Solutions; Towers Watson Risk and Financial Services; and Towers Watson Talent and Rewards.