Weir Group PLC (WEIR) Rating Reiterated by Credit Suisse Group AG
Weir Group PLC (LON:WEIR)‘s stock had its “outperform” rating reaffirmed by Credit Suisse Group AG in a research report issued on Friday. They currently have a GBX 1,800 ($22.49) price target on the stock. Credit Suisse Group AG’s price target indicates a potential upside of 2.27% from the company’s previous close.
Other equities analysts also recently issued research reports about the stock. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 1,932 ($24.14) price target on shares of Weir Group PLC in a report on Wednesday, October 19th. Barclays PLC cut their price target on shares of Weir Group PLC from GBX 1,650 ($20.61) to GBX 1,600 ($19.99) and set an “equal weight” rating for the company in a report on Wednesday, November 2nd. Canaccord Genuity increased their price target on shares of Weir Group PLC from GBX 1,250 ($15.62) to GBX 1,350 ($16.87) and gave the company a “sell” rating in a report on Wednesday, November 2nd. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,775 ($22.18) price target on shares of Weir Group PLC in a report on Wednesday, November 2nd. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a GBX 1,976 ($24.69) price target on shares of Weir Group PLC in a report on Wednesday, November 2nd. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,396.83 ($17.45).
Weir Group PLC (LON:WEIR) opened at 1760.00 on Friday. Weir Group PLC has a 12-month low of GBX 764.50 and a 12-month high of GBX 1,821.00. The firm’s market capitalization is GBX 3.77 billion. The firm has a 50-day moving average of GBX 1,719.03 and a 200 day moving average of GBX 1,492.80.
About Weir Group PLC
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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