Wolters Kluwer (OTCMKTS:WTKWY) Shares Cross Above 50 Day Moving Average of $106.52

Wolters Kluwer (OTCMKTS:WTKWYGet Rating) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $106.52 and traded as high as $107.50. Wolters Kluwer shares last traded at $107.50, with a volume of 8,456 shares changing hands.

Wall Street Analysts Forecast Growth

WTKWY has been the topic of a number of research reports. UBS Group cut their price target on shares of Wolters Kluwer from €130.00 ($139.78) to €124.00 ($133.33) and set a “buy” rating on the stock in a research note on Thursday, November 3rd. Berenberg Bank lifted their price target on shares of Wolters Kluwer from €98.00 ($105.38) to €103.00 ($110.75) in a research note on Monday, September 26th. Credit Suisse Group lifted their price target on shares of Wolters Kluwer from €115.00 ($123.66) to €116.00 ($124.73) in a research note on Monday, October 10th. BNP Paribas downgraded shares of Wolters Kluwer from a “neutral” rating to an “underperform” rating in a report on Thursday, December 1st. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Wolters Kluwer from €85.00 ($91.40) to €80.00 ($86.02) and set a “hold” rating on the stock in a report on Wednesday, October 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Wolters Kluwer currently has a consensus rating of “Hold” and an average price target of $106.74.

Wolters Kluwer Stock Performance

The stock’s fifty day moving average is $106.52 and its two-hundred day moving average is $103.22. The company has a current ratio of 0.71, a quick ratio of 0.69 and a debt-to-equity ratio of 0.79.

Wolters Kluwer Company Profile

(Get Rating)

Wolters Kluwer N.V. provides professional information, software solutions, and services in the Netherlands, rest of Europe, the United States, Canada, the Asia Pacific, and internationally. The company operates through four segments: Health; Tax & Accounting; Governance, Risk & Compliance; and Legal & Regulatory.

Further Reading

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