The Weir Group PLC’s “Sell” Rating Reaffirmed at Investec (WEIR)
The Weir Group PLC (LON:WEIR)‘s stock had its “sell” rating restated by investment analysts at Investec in a note issued to investors on Wednesday. They currently have a GBX 2,410 ($40.91) target price on the stock. Investec’s price target indicates a potential downside of 7.63% from the stock’s previous close.
Shares of The Weir Group PLC (LON:WEIR) opened at 2609.00 on Wednesday. The Weir Group PLC has a 52-week low of GBX 2034.00 and a 52-week high of GBX 2835.8088. The stock’s 50-day moving average is GBX 2624.81 and its 200-day moving average is GBX 2385.07. The company’s market cap is £5.553 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Weir Group PLC in a research note on Wednesday. They now have a GBX 2,660 ($45.15) price target on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of The Weir Group PLC in a research note on Wednesday. They now have a GBX 2,850 ($48.38) price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of The Weir Group PLC from GBX 2,390 ($40.57) to GBX 2,540 ($43.12) in a research note on Monday. They now have a “neutral” rating on the stock. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 2,524.67 ($42.86).
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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