Weir Group PLC (WEIR) Given “Overweight” Rating at JPMorgan Chase & Co.
Weir Group PLC (LON:WEIR)‘s stock had its “overweight” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a research note issued on Thursday.
Other equities analysts also recently issued research reports about the company. Jefferies Group restated an “underweight” rating and issued a GBX 1,220 ($15.92) target price on shares of Weir Group PLC in a research note on Monday, August 8th. HSBC boosted their target price on Weir Group PLC from GBX 1,500 ($19.58) to GBX 1,750 ($22.84) and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Goldman Sachs Group Inc. restated a “buy” rating and issued a GBX 1,750 ($22.84) target price on shares of Weir Group PLC in a research note on Wednesday, July 27th. BNP Paribas boosted their target price on Weir Group PLC from GBX 1,500 ($19.58) to GBX 1,650 ($21.54) and gave the stock an “outperform” rating in a research note on Wednesday, July 13th. Finally, Barclays PLC boosted their target price on Weir Group PLC from GBX 1,150 ($15.01) to GBX 1,400 ($18.27) and gave the stock an “equal weight” rating in a research note on Friday, July 29th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 1,305.06 ($17.04).
Weir Group PLC (LON:WEIR) opened at 1647.00 on Thursday. Weir Group PLC has a 52 week low of GBX 764.50 and a 52 week high of GBX 1,653.00. The company’s market cap is GBX 3.53 billion. The stock has a 50 day moving average price of GBX 1,557.19 and a 200 day moving average price of GBX 1,332.19.
The business also recently announced a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, September 22nd will be given a dividend of GBX 15 ($0.20) per share. The ex-dividend date is Thursday, September 22nd. This represents a dividend yield of 1.03%.
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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