Weir Group PT Lowered to GBX 2,570 (WEIR)
Analysts at Berenberg Bank cut their price objective on shares of Weir Group (LON:WEIR) from GBX 2,675 ($43.96) to GBX 2,570 ($42.24) in a research report issued to clients and investors on Friday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 16.82% from the stock’s previous close.
Weir Group (LON:WEIR) opened at 2200.00 on Friday. Weir Group has a 52-week low of GBX 2034.00 and a 52-week high of GBX 2490.00. The stock’s 50-day moving average is GBX 2118.58 and its 200-day moving average is GBX 2200.. The company’s market cap is £4.682 billion.
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 Thursday. Separately, 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. Finally, analysts at Canaccord Genuity initiated coverage on shares of Weir Group in a research note to investors on Monday, February 3rd. They set a “buy” rating and a GBX 2,500 ($41.08) 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 assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 2,331.34 ($38.31).
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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