The Weir Group PLC Stock Rating Reaffirmed by Panmure Gordon (WEIR)
The Weir Group PLC (LON:WEIR)‘s stock had its “sell” rating reiterated by investment analysts at Panmure Gordon in a note issued to investors on Thursday. They currently have a GBX 2,084 ($35.68) price objective on the stock. Panmure Gordon’s target price points to a potential downside of 24.30% from the stock’s previous close.
Shares of The Weir Group PLC (LON:WEIR) traded up 0.88% on Thursday, hitting GBX 2744.00. The stock had a trading volume of 663,834 shares. The Weir Group PLC has a 1-year low of GBX 2036.00 and a 1-year high of GBX 2848.00. The stock’s 50-day moving average is GBX 2648. and its 200-day moving average is GBX 2468.. The company’s market cap is £5.841 billion.
WEIR has been the subject of a number of other recent research reports. Analysts at HSBC reiterated an “underweight” rating on shares of The Weir Group PLC in a research note on Wednesday. They now have a GBX 2,250 ($38.52) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of The Weir Group PLC in a research note on Tuesday. They now have a GBX 2,900 ($49.65) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of The Weir Group PLC in a research note on Wednesday, July 9th. They now have a GBX 2,950 ($50.51) price target on the stock. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. The Weir Group PLC has a consensus rating of “Hold” and an average price target of GBX 2,580.22 ($44.17).
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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