Societe Generale Reiterates Sell Rating for Weir Group (WEIR)
Weir Group (LON:WEIR)‘s stock had its “sell” rating restated by analysts at Societe Generale in a research report issued to clients and investors on Thursday, American Banking News.com reports.
A number of other firms have also recently commented on WEIR. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Weir Group in a research note to investors on Wednesday. They now have a GBX 2,600 ($42.73) price target on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Weir Group in a research note to investors on Monday. They set a “buy” rating and a GBX 2,500 ($41.08) 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 Monday. They now have a GBX 2,210 ($36.32) price target on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 2,336.59 ($38.40).
Weir Group (LON:WEIR) traded up 1.35% on Thursday, hitting GBX 2172.00. 947,954 shares of the company’s stock traded hands. Weir Group has a 52 week low of GBX 2020.9999 and a 52 week high of GBX 2490.00. The stock has a 50-day moving average of GBX 2118.58 and a 200-day moving average of GBX 2200.. The company’s market cap is £4.622 billion.
The Weir Group PLC is engaged in engineering businesses. It operates in three segments: Minerals, Oil and Gas, and Power and Industrial.
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