Weir Group Given “Outperform” Rating at BNP Paribas (WEIR)
Weir Group (LON:WEIR)‘s stock had its “outperform” rating restated by investment analysts at BNP Paribas in a note issued to investors on Thursday, Analyst Ratings News reports. They currently have a GBX 2,500 ($40.11) target price on the stock. BNP Paribas’ target price indicates a potential upside of 11.96% from the company’s current price.
Shares of Weir Group (LON:WEIR) traded up 3.05% on Thursday, hitting GBX 2301.00. The stock had a trading volume of 386,174 shares. Weir Group has a 52 week low of GBX 1651.00 and a 52 week high of GBX 2490.00. The stock has a 50-day moving average of GBX 2253.57 and a 200-day moving average of GBX 2244.37. The company’s market cap is £4.897 billion.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Weir Group in a research note to investors on Thursday, September 26th. They now have a GBX 2,700 ($43.32) price target on the stock. Separately, analysts at Investec raised their price target on shares of Weir Group from GBX 2,490 ($39.95) to GBX 2,610 ($41.87) in a research note to investors on Wednesday, September 18th. They now have a “buy” rating on the stock. Finally, analysts at Berenberg Bank upgraded shares of Weir Group from a “hold” rating to a “buy” rating in a research note to investors on Friday, August 2nd. They now have a GBX 2,545 ($40.83) price target on the stock, up previously from GBX 2,515 ($40.35). One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of GBX 2,341.68 ($37.57).
The Weir Group PLC operates in three segments: Minerals, Oil and Gas, and Power and Industrial. The Minerals segment designs and manufactures pumps, hydrocyclones, valves and other complementary equipment for the mining, flue gas desulphurisation and oil sands markets.
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