The Weir Group PLC’s Hold Rating Reaffirmed at Berenberg Bank (WEIR)
The Weir Group PLC (LON:WEIR)‘s stock had its “hold” rating reaffirmed by investment analysts at Berenberg Bank in a note issued to investors on Wednesday, AnalystRatingsNetwork reports. They currently have a GBX 2,615 ($44.05) price objective on the stock. Berenberg Bank’s price objective indicates a potential downside of 2.97% from the stock’s previous close.
Shares of The Weir Group PLC (LON:WEIR) traded down 0.04% on Wednesday, hitting GBX 2695.00. The stock had a trading volume of 298,079 shares. The Weir Group PLC has a one year low of GBX 2034.00 and a one year high of GBX 2835.8088. The stock has a 50-day moving average of GBX 2599.08 and a 200-day moving average of GBX 2319.. The company’s market cap is £5.736 billion.
A number of other analysts have also recently weighed in on WEIR. Analysts at Jefferies Group reiterated a “hold” rating on shares of The Weir Group PLC in a research note on Monday. They now have a GBX 2,335 ($39.33) price target on the stock. Separately, analysts at Investec raised their price target on shares of The Weir Group PLC from GBX 2,250 ($37.90) to GBX 2,410 ($40.59) in a research note on Friday, May 2nd. They now have a “sell” rating on the stock. Finally, analysts at Societe Generale reiterated a “sell” rating on shares of The Weir Group PLC in a research note on Friday, May 2nd. They now have a GBX 2,300 ($38.74) price target on the stock. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 2,478.53 ($41.75).
The Weir Group PLC is engaged in engineering businesses. It operates in three segments: Minerals, Oil and Gas, and Power and Industrial.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.