Weber Inc. (NYSE:WEBR) Given Consensus Rating of “Hold” by Brokerages

Weber Inc. (NYSE:WEBRGet Rating) has been assigned a consensus rating of “Hold” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $5.79.

WEBR has been the subject of several recent research reports. UBS Group decreased their target price on shares of Weber to $3.00 in a research report on Tuesday, September 6th. Bank of America downgraded shares of Weber from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $9.00 to $5.00 in a research report on Wednesday, August 3rd. Wells Fargo & Company raised shares of Weber from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $4.00 to $6.25 in a research report on Tuesday, October 25th. BMO Capital Markets decreased their target price on shares of Weber from $7.00 to $6.00 and set a “market perform” rating for the company in a research report on Tuesday, August 16th. Finally, Citigroup cut shares of Weber from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $7.00 to $2.75 in a research note on Wednesday, August 17th.

Weber Stock Up 2.1 %

WEBR stock opened at $6.90 on Wednesday. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of -3.94, a P/E/G ratio of 54.04 and a beta of -0.10. Weber has a 12 month low of $4.82 and a 12 month high of $14.40. The firm has a 50 day moving average of $6.61 and a two-hundred day moving average of $7.23.

Institutional Trading of Weber

A number of institutional investors and hedge funds have recently modified their holdings of the company. Tsfg LLC acquired a new position in Weber during the 2nd quarter valued at $36,000. PNC Financial Services Group Inc. raised its stake in Weber by 133.6% during the 1st 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 acquired a new position in Weber during the 3rd quarter valued at $76,000. LPL Financial LLC acquired a new position in Weber during the 2nd quarter valued at $78,000. Finally, Ridgewood Investments LLC acquired a new position in Weber during the 2nd quarter valued at $85,000. 13.24% of the stock is currently owned by institutional investors and hedge funds.

Weber Company Profile

(Get Rating)

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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