The Weir Group PLC’s Hold Rating Reaffirmed at Societe Generale (WEIR)
The Weir Group PLC (LON:WEIR)‘s stock had its “hold” rating reaffirmed by investment analysts at Societe Generale in a research note issued to investors on Tuesday. They currently have a GBX 2,600 ($44.60) price objective on the stock. Societe Generale’s price objective would suggest a potential downside of 4.94% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. upgraded shares of The Weir Group PLC to a “buy” rating in a research note on Monday. They now have a GBX 3,100 ($53.17) price target on the stock, up previously from GBX 2,600 ($44.60). Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of The Weir Group PLC in a research note on Thursday, July 3rd. They now have a GBX 2,900 ($49.74) price target on the stock. Finally, 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. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The Weir Group PLC presently has an average rating of “Hold” and an average price target of GBX 2,574.67 ($44.16).
The Weir Group PLC (LON:WEIR) opened at 2719.00 on Tuesday. 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 2622.58 and a 200-day moving average of GBX 2441.34. The company’s market cap is £5.788 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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