Weir Group Stock Rating Reaffirmed by Credit Suisse (WEIR)
Weir Group (LON:WEIR)‘s stock had its “neutral” rating reaffirmed by equities researchers at Credit Suisse in a research report issued on Monday, American Banking News.com reports. They currently have a GBX 2,210 ($36.42) price target on the stock. Credit Suisse’s target price would suggest a potential upside of 5.74% from the company’s current price.
Shares of Weir Group (LON:WEIR) traded up 0.67% during mid-day trading on Monday, hitting GBX 2104.00. 252,833 shares of the company’s stock traded hands. Weir Group has a 1-year low of GBX 1904.9999 and a 1-year high of GBX 2490.00. The stock has a 50-day moving average of GBX 2105.81 and a 200-day moving average of GBX 2201.31. The company’s market cap is £4.477 billion.
A number of other firms have also recently commented on WEIR. Analysts at Investec reiterated an “add” rating on shares of Weir Group in a research note to investors on Monday. They now have a GBX 2,250 ($37.08) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Weir Group in a research note to investors on Tuesday, January 7th. They now have a GBX 2,600 ($42.85) price target on the stock. Finally, 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 ($40.62) price target on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of GBX 2,313.34 ($38.12).
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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