Espirito Santo Investment Bank Research Reiterates Buy Rating for Weir Group (WEIR)
Weir Group (LON:WEIR)‘s stock had its “buy” rating reiterated by equities researchers at Espirito Santo Investment Bank Research in a research report issued on Tuesday, Analyst Ratings Network.com reports. They currently have a GBX 2,600 ($42.64) price target on the stock. Espirito Santo Investment Bank Research’s price objective indicates a potential upside of 24.24% from the company’s current price.
A number of other firms have also recently commented on WEIR. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Weir Group in a research note to investors on Wednesday, December 18th. They now have a GBX 2,465 ($40.43) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Weir Group in a research note to investors on Thursday, December 12th. They now have a GBX 2,210 ($36.25) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “buy” rating on shares of Weir Group in a research note to investors on Tuesday, November 19th. They now have a GBX 2,675 ($43.87) price target on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Weir Group has an average rating of “Buy” and an average target price of GBX 2,313.34 ($37.94).
Shares of Weir Group (LON:WEIR) traded up 0.03% on Tuesday, hitting GBX 2092.6738. The stock had a trading volume of 596,282 shares. Weir Group has a 52 week low of GBX 1901.50 and a 52 week high of GBX 2490.00. The stock’s 50-day moving average is GBX 2113. and its 200-day moving average is GBX 2203.91. The company’s market cap is £4.453 billion.
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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