Chicago Bridge & Iron Co. (NYSE:CBI) stock price target reduced to $37.00, released a ratings update earlier today by Credit Suisse
- Updated: September 26, 2016
Boasting a price of $27.04, Chicago Bridge & Iron Co. (NYSE:CBI) traded -1.99% lower on the day. With the last stock price down -24.22% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Chicago Bridge & Iron Co. has recorded a 50-day average of $30.64 and a two hundred day average of $35.18. Volume of trade was up over the average, with 1,896,461 shares of CBI changing hands over the typical 1,507,850
Credit Suisse bumped down the target of Chicago Bridge & Iron Co. (NYSE:CBI) to $37.00 stating a potential upside of 0.37%.
With a total market value of $0, Chicago Bridge & Iron Co. has with a one year low of $26.12 and a one year high of $46.39 .
A total of 14 analysts have released a research note on Chicago Bridge & Iron Co.. Six analysts rating the company a strong buy, six analysts rating the company a buy, four analysts rating the company a hold, two analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $49.25.
More About Chicago Bridge & Iron Co. (NYSE:CBI)
Chicago Bridge & Iron Company N.V. (CB&I) provides a range of services to customers in the energy infrastructure market across the world. The Company provides various services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services. It operates through four segments. Its Engineering and Construction segment provides engineering, procurement, and construction (EPC) services. Its Fabrication Services segment provides fabrication and erection of steel plate structures; fabrication of piping systems and process modules, and manufacturing and distribution of pipe and fittings. Its Technology segment provides licensed process technologies and catalysts for use in petrochemical facilities and oil refineries. Its Capital Services operating group provides environmental engineering and remediation, infrastructure EPC services and program management.
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