UBS AG Reiterates “Buy” Rating for The Weir Group PLC (WEIR)
The Weir Group PLC (LON:WEIR)‘s stock had its “buy” rating reiterated by analysts at UBS AG in a research report issued to clients and investors on Friday, American Banking and Market News reports. They currently have a GBX 2,500 ($41.90) price target on the stock. UBS AG’s target price suggests a potential upside of 6.56% from the company’s current price.
Shares of The Weir Group PLC (LON:WEIR) opened at 2346.00 on Friday. The Weir Group PLC has a 52 week low of GBX 2034.00 and a 52 week high of GBX 2490.00. The stock has a 50-day moving average of GBX 2161.40 and a 200-day moving average of GBX 2208.36. The company’s market cap is £4.992 billion.
A number of other analysts have also recently weighed in on WEIR. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Weir Group PLC in a research note on Friday. They now have a GBX 2,400 ($40.22) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of The Weir Group PLC in a research note on Wednesday, February 12th. They now have a GBX 2,500 ($41.90) price target on the stock. Finally, analysts at Berenberg Bank cut their price target on shares of The Weir Group PLC from GBX 2,675 ($44.83) to GBX 2,570 ($43.07) in a research note on Friday, February 7th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The Weir Group PLC currently has a consensus rating of “Buy” and an average target price of GBX 2,331.34 ($39.07).
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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