WBI (NYSE:WBI – Get Free Report) shares shot up 5.8% during trading on Friday . The company traded as high as $28.21 and last traded at $28.16. 668,736 shares were traded during mid-day trading, a decline of 18% from the average session volume of 816,398 shares. The stock had previously closed at $26.62.
Analysts Set New Price Targets
WBI has been the subject of several research analyst reports. UBS Group set a $33.00 price target on WBI in a research report on Monday, March 16th. Morgan Stanley raised their price objective on shares of WBI from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Wednesday. Wall Street Zen raised WBI from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings initiated coverage on shares of WBI in a research note on Wednesday, January 14th. They set a “sell (e-)” rating for the company. Finally, The Goldman Sachs Group lifted their price objective on shares of WBI from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, WBI has a consensus rating of “Reduce” and an average target price of $29.75.
View Our Latest Stock Analysis on WBI
WBI Trading Up 5.7%
WBI Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, March 5th. WBI’s dividend payout ratio is presently 117.65%.
About WBI
WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.
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