The Weir Group PLC Receives “Overweight” Rating from Barclays (WEIR)
The Weir Group PLC (LON:WEIR)‘s stock had its “overweight” rating reaffirmed by analysts at Barclays in a research report issued to clients and investors on Monday, Analyst Ratings.Net reports. They currently have a GBX 2,700 ($45.36) target price on the stock. Barclays’ price target suggests a potential upside of 1.43% from the stock’s previous close.
WEIR has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of The Weir Group PLC in a research note on Thursday, April 17th. They now have a GBX 2,600 ($43.68) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of The Weir Group PLC in a research note on Wednesday, April 16th. They now have a GBX 2,900 ($48.72) price target on the stock. Finally, analysts at Berenberg Bank downgraded shares of The Weir Group PLC to a “hold” rating in a research note on Friday, April 11th. They now have a GBX 2,615 ($43.93) price target on the stock, up previously from GBX 2,570 ($43.18). Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 2,398.61 ($40.30).
The Weir Group PLC (LON:WEIR) opened at 2690.95 on Monday. The Weir Group PLC has a 52-week low of GBX 2034.00 and a 52-week high of GBX 2733.00. The stock’s 50-day moving average is GBX 2531.15 and its 200-day moving average is GBX 2285.88. The company’s market cap is £5.728 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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