Citigroup Inc. Upgrades The Weir Group PLC to “Buy” (WEIR)
The Weir Group PLC (LON:WEIR) was upgraded by Citigroup Inc. to a “buy” rating in a research note issued on Monday. The firm currently has a GBX 3,100 ($53.17) target price on the stock, up from their previous target price of GBX 2,600 ($44.60). Citigroup Inc.’s price target would suggest a potential upside of 14.18% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of The Weir Group PLC in a research note on Thursday. They now have a GBX 2,900 ($49.74) price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of The Weir Group PLC from GBX 2,600 ($44.60) to GBX 2,660 ($45.63) in a research note on Tuesday, July 1st. They now have a “neutral” rating on the stock. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 2,558 ($43.88).
Shares of The Weir Group PLC (LON:WEIR) traded up 0.74% during mid-day trading on Monday, hitting GBX 2735.00. 683,530 shares of the company’s stock traded hands. The Weir Group PLC has a 52-week low of GBX 2036.00 and a 52-week high of GBX 2835.8088. The stock has a 50-day moving average of GBX 2615. and a 200-day moving average of GBX 2431.56. The company’s market cap is £5.822 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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