Barclays PLC Reaffirms Overweight Rating for Weir Group PLC (LON:WEIR)
Other research analysts have also recently issued research reports about the company. Numis Securities Ltd restated a hold rating and issued a GBX 1,900 ($24.74) target price on shares of Weir Group PLC in a research note on Friday, April 28th. Citigroup Inc. restated a buy rating and issued a GBX 2,270 ($29.56) target price on shares of Weir Group PLC in a research note on Friday, April 28th. Goldman Sachs Group, Inc. (The) restated a buy rating on shares of Weir Group PLC in a research note on Tuesday, April 18th. Deutsche Bank AG restated a buy rating on shares of Weir Group PLC in a research note on Friday, May 5th. Finally, Morgan Stanley cut Weir Group PLC to an equal weight rating and lowered their target price for the company from GBX 2,100 ($27.35) to GBX 1,940 ($25.26) in a research note on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 2,001.76 ($26.07).
Weir Group PLC (LON:WEIR) opened at 1773.00 on Monday. The firm’s market capitalization is GBX 3.86 billion. Weir Group PLC has a 12 month low of GBX 1,479.00 and a 12 month high of GBX 2,096.00. The stock’s 50 day moving average price is GBX 1,815.44 and its 200-day moving average price is GBX 1,892.32.
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The firm also recently announced a dividend, which will be paid on Friday, November 3rd. Shareholders of record on Thursday, September 21st will be issued a GBX 15 ($0.20) dividend. This represents a dividend yield of 0.8%. The ex-dividend date is Thursday, September 21st.
In other Weir Group PLC news, insider Jon Stanton sold 11,909 shares of Weir Group PLC stock in a transaction on Monday, May 22nd. The stock was sold at an average price of GBX 1,920 ($25.00), for a total value of £228,652.80 ($297,763.77).
About Weir Group PLC
The Weir Group PLC is a United Kingdom-based company, which is engaged in engineering businesses. The Company’s business operates through three segments: Minerals, Oil & Gas, and Flow Control. 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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