The Weir Group PLC Given “Outperform” Rating at BNP Paribas (WEIR)
The Weir Group PLC (LON:WEIR)‘s stock had its “outperform” rating restated by equities research analysts at BNP Paribas in a research note issued to investors on Wednesday. They currently have a GBX 2,950 ($50.60) price objective on the stock. BNP Paribas’ price target points to a potential upside of 9.87% from the company’s current price.
Shares of The Weir Group PLC (LON:WEIR) traded down 1.30% on Wednesday, hitting GBX 2650.00. The stock had a trading volume of 609,771 shares. The Weir Group PLC has a 52 week low of GBX 2036.00 and a 52 week high of GBX 2848.00. The stock’s 50-day moving average is GBX 2632.35 and its 200-day moving average is GBX 2451.07. The company’s market cap is £5.641 billion.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale reiterated a “hold” rating on shares of The Weir Group PLC in a research note on Tuesday. They now have a GBX 2,600 ($44.60) price target on the stock. Separately, 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). Finally, 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. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 2,580.22 ($44.26).
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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