Weir Group PLC (WEIR) Receives Outperform Rating from Credit Suisse Group AG
Weir Group PLC (LON:WEIR)‘s stock had its “outperform” rating restated by research analysts at Credit Suisse Group AG in a research note issued to investors on Tuesday. They currently have a GBX 1,800 ($23.50) price target on the stock. Credit Suisse Group AG’s target price points to a potential upside of 2.97% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. HSBC lifted their target price on shares of Weir Group PLC from GBX 1,500 ($19.58) to GBX 1,750 ($22.84) and gave the company a “buy” rating in a report on Tuesday, August 16th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Weir Group PLC in a report on Thursday, September 29th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 1,750 ($22.84) target price on shares of Weir Group PLC in a report on Friday, August 12th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 1,400 ($18.27) target price on shares of Weir Group PLC in a report on Friday, August 12th. Finally, Panmure Gordon reaffirmed a “sell” rating and set a GBX 750 ($9.79) target price on shares of Weir Group PLC in a report on Thursday, July 14th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The stock currently 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 1748.00 on Tuesday. Weir Group PLC has a 52-week low of GBX 764.50 and a 52-week high of GBX 1,752.00. The company’s market cap is GBX 3.75 billion. The firm’s 50-day moving average is GBX 1,571.06 and its 200 day moving average is GBX 1,348.13.
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 GBX 15 ($0.20) dividend. The ex-dividend date is Thursday, September 22nd. This represents a 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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