Weir Group Receives “Add” Rating from Numis Securities Ltd (WEIR)
Weir Group (LON:WEIR)‘s stock had its “add” rating reiterated by equities researchers at Numis Securities Ltd in a research report issued on Wednesday, AnalystRatings.Net reports. They currently have a GBX 2,500 ($41.02) price objective on the stock. Numis Securities Ltd’s price target suggests a potential upside of 12.41% from the company’s current price.
Weir Group (LON:WEIR) traded up 0.31% on Wednesday, hitting GBX 2233.00. 419,246 shares of the company’s stock traded hands. Weir Group has a 1-year low of GBX 2034.00 and a 1-year high of GBX 2490.00. The stock has a 50-day moving average of GBX 2130.35 and a 200-day moving average of GBX 2202.31. The company’s market cap is £4.752 billion.
A number of other analysts have also recently weighed in on WEIR. Analysts at Berenberg Bank cut their price target on shares of Weir Group from GBX 2,675 ($43.89) to GBX 2,570 ($42.17) in a research note on Friday, February 7th. They now have a “buy” rating on the stock. Separately, analysts at Societe Generale reiterated a “sell” rating on shares of Weir Group in a research note on Thursday, February 6th. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Weir Group in a research note on Wednesday, February 5th. They now have a GBX 2,600 ($42.66) price target on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Weir Group has an average rating of “Buy” and an average price target of GBX 2,331.34 ($38.25).
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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