Weir Group’s Neutral Rating Reaffirmed at Credit Suisse (WEIR)
Weir Group (LON:WEIR)‘s stock had its “neutral” rating restated by analysts at Credit Suisse in a research report issued to clients and investors on Monday, Stock Ratings News reports. They currently have a GBX 2,520 ($40.23) price target on the stock. Credit Suisse’s target price suggests a potential upside of 7.42% from the stock’s previous close.
Weir Group (LON:WEIR) traded up 1.43% on Monday, hitting GBX 2346.00. The stock had a trading volume of 455,960 shares. Weir Group has a 1-year low of GBX 1651.00 and a 1-year high of GBX 2490.00. The stock’s 50-day moving average is GBX 2253.57 and its 200-day moving average is GBX 2244.37. The company’s market cap is £4.992 billion.
A number of other analysts have also recently weighed in on WEIR. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Weir Group in a research note to investors on Thursday. They now have a GBX 2,500 ($39.91) price target on the stock. Separately, 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 ($43.10) price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 2,341.68 ($37.38).
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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