Weir Group PLC (LON:WEIR) Receives Average Recommendation of “Hold” from Analysts
Shares of Weir Group PLC (LON:WEIR) have received an average recommendation of “Hold” from the nineteen research firms that are presently covering the firm. Five research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 1,305.06 ($17.04).
A number of brokerages have weighed in on WEIR. Canaccord Genuity lowered shares of Weir Group PLC to a “sell” rating and cut their target price for the stock from GBX 1,325 ($17.30) to GBX 1,250 ($16.32) in a research report on Friday, July 29th. Credit Suisse Group AG began coverage on shares of Weir Group PLC in a research report on Tuesday, September 20th. They set an “outperform” rating and a GBX 1,800 ($23.50) target price for the company. Goldman Sachs Group Inc. cut their target price on shares of Weir Group PLC from GBX 1,750 ($22.84) to GBX 1,576 ($20.57) and set a “buy” rating for the company in a research report on Wednesday, September 7th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 735 ($9.59) target price on shares of Weir Group PLC in a research report on Wednesday, June 15th. Finally, HSBC reiterated a “buy” rating and set a GBX 1,500 ($19.58) target price on shares of Weir Group PLC in a research report on Thursday, June 30th.
Shares of Weir Group PLC (LON:WEIR) traded up 1.49% during trading on Wednesday, hitting GBX 1571.00. 761,792 shares of the stock traded hands. The company’s market cap is GBX 3.37 billion. The stock has a 50-day moving average of GBX 1,555.51 and a 200 day moving average of GBX 1,330.09. Weir Group PLC has a 1-year low of GBX 764.50 and a 1-year high of GBX 1,646.00.
The company also recently announced a dividend, which will be paid on Friday, November 4th. Stockholders of record on Thursday, September 22nd will be issued a GBX 15 ($0.20) dividend. This represents a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, September 22nd.
Weir Group PLC Company Profile
The Weir Group PLC is engaged in engineering businesses. The Company operates through three segments: Minerals, Oil & Gas, and Power & Industrial. The Minerals segment is engaged in the provision of slurry handling equipment and associated aftermarket support for abrasive high wear applications used in the mining and oil sands markets.
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