Weir Group’s Add Rating Reaffirmed at Investec (WEIR)
Weir Group (LON:WEIR)‘s stock had its “add” rating reiterated by research analysts at Investec in a report released on Monday, Analyst RN reports. They currently have a GBX 2,250 ($37.08) price objective on the stock. Investec’s price objective points to a potential upside of 7.66% from the company’s current price.
Weir Group (LON:WEIR) opened at 2101.00 on Monday. Weir Group has a 52-week low of GBX 1904.9999 and a 52-week 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 £4.471 billion.
WEIR has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, 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 ($36.42) price target on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Weir Group currently has a consensus rating of “Buy” and a consensus price target 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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