Weir Group Given New GBX 2,335 Price Target at Jefferies Group (WEIR)
Research analysts at Jefferies Group dropped their target price on shares of Weir Group (LON:WEIR) from GBX 2,500 ($41.08) to GBX 2,335 ($38.37) in a report released on Monday, American Banking News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target would indicate a potential upside of 9.99% from the company’s current price.
WEIR has been the subject of a number of other recent research reports. Analysts at Societe Generale reiterated a “sell” rating on shares of Weir Group in a research note to investors on Monday, January 20th. They now have a GBX 1,800 ($29.58) 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 Monday, January 13th. They now have a GBX 2,210 ($36.32) price target on the stock. Finally, analysts at Investec reiterated an “add” rating on shares of Weir Group in a research note to investors on Monday, January 13th. They now have a GBX 2,250 ($36.98) price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 2,311.04 ($37.98).
Weir Group (LON:WEIR) traded up 1.38% during mid-day trading on Monday, hitting GBX 2123.00. 1,118,142 shares of the company’s stock traded hands. Weir Group has a 52-week low of GBX 1986.00 and a 52-week high of GBX 2490.00. The stock’s 50-day moving average is GBX 2111. and its 200-day moving average is GBX 2200.87. The company’s market cap is £4.518 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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