Weber (NYSE:WEBR – Get Rating) had its price target lifted by equities researchers at Wells Fargo & Company from $6.25 to $8.05 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential downside of 1.11% from the company’s previous close.
A number of other brokerages have also recently issued reports on WEBR. UBS Group reduced their target price on Weber to $3.00 in a report on Tuesday, September 6th. Citigroup upgraded shares of Weber from a “sell” rating to a “neutral” rating and increased their target price for the stock from $2.75 to $8.05 in a report on Tuesday. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, Weber presently has a consensus rating of “Hold” and an average target price of $6.80.
Weber Trading Up 1.6 %
Shares of NYSE WEBR opened at $8.14 on Thursday. Weber has a 1-year low of $4.82 and a 1-year high of $13.28. The company has a 50-day moving average of $6.73 and a two-hundred day moving average of $7.19. The company has a market cap of $2.34 billion, a PE ratio of -4.65, a P/E/G ratio of 47.27 and a beta of -0.01.
Institutional Investors Weigh In On Weber
A number of hedge funds and other institutional investors have recently bought and sold shares of WEBR. Tsfg LLC bought a new stake in Weber during the 2nd quarter worth about $36,000. PNC Financial Services Group Inc. boosted its position in Weber by 133.6% during the first quarter. PNC Financial Services Group Inc. now owns 3,787 shares of the company’s stock valued at $37,000 after purchasing an additional 2,166 shares during the last quarter. Balyasny Asset Management LLC bought a new position in Weber in the third quarter valued at approximately $76,000. LPL Financial LLC bought a new stake in shares of Weber during the 2nd quarter worth approximately $78,000. Finally, Ridgewood Investments LLC acquired a new stake in shares of Weber in the 2nd quarter valued at approximately $85,000. Institutional investors and hedge funds own 13.24% of the company’s stock.
Weber Company Profile
Weber Inc, an outdoor cooking company, manufactures and distributes outdoor cooking products, accessories, consumables, and services in North America, Europe, Australia, and internationally. Its products include charcoal and gas grills, smokers, pellet and electric grills, and Weber Connect Smart Grilling Hub; and accessories, consumables, and services.
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