Barclays PLC Reaffirms Overweight Rating for Weir Group PLC (WEIR)
Weir Group PLC (LON:WEIR)‘s stock had its “overweight” rating reiterated by investment analysts at Barclays PLC in a note issued to investors on Thursday. They currently have a GBX 2,350 ($30.51) target price on the stock. Barclays PLC’s price target would indicate a potential upside of 32.54% from the stock’s previous close.
A number of other brokerages have also weighed in on WEIR. Credit Suisse Group restated an “outperform” rating and issued a GBX 2,200 ($28.56) price objective on shares of Weir Group PLC in a report on Wednesday, May 17th. J P Morgan Chase & Co restated an “overweight” rating on shares of Weir Group PLC in a report on Monday, June 19th. Citigroup Inc. restated a “buy” rating and issued a GBX 2,395 ($31.09) price objective on shares of Weir Group PLC in a report on Monday, June 26th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 2,220 ($28.82) price target on shares of Weir Group PLC in a report on Monday, August 7th. Finally, BNP Paribas reiterated an “outperform” rating and set a GBX 2,300 ($29.86) price target on shares of Weir Group PLC in a report on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Weir Group PLC has a consensus rating of “Hold” and a consensus price target of GBX 2,001.76 ($25.99).
Weir Group PLC (LON WEIR) opened at 1769.00 on Thursday. The company’s market cap is GBX 3.85 billion. Weir Group PLC has a 1-year low of GBX 1,479.00 and a 1-year high of GBX 2,096.00. The stock’s 50 day moving average is GBX 1,815.99 and its 200 day moving average is GBX 1,883.14.
In other Weir Group PLC news, insider Jon Stanton sold 11,909 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of GBX 1,920 ($24.93), for a total transaction of £228,652.80 ($296,836.04).
Weir Group PLC Company Profile
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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