The Weir Group PLC Receives “Hold” Rating from Jefferies Group (WEIR)
The Weir Group PLC (LON:WEIR)‘s stock had its “hold” rating restated by research analysts at Jefferies Group in a report released on Friday. They currently have a GBX 2,680 ($45.51) target price on the stock. Jefferies Group’s price objective points to a potential upside of 4.65% from the stock’s previous close.
Shares of The Weir Group PLC (LON:WEIR) traded down 0.23% during mid-day trading on Friday, hitting GBX 2561.00. The stock had a trading volume of 534,294 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 2671.18 and its 200-day moving average is GBX 2512.08. The company’s market cap is £5.451 billion.
The company also recently announced a dividend, which is scheduled for Friday, November 7th. Investors of record on Thursday, October 9th will be paid a dividend of GBX 15 ($0.25) per share. This represents a dividend yield of 0.58%. The ex-dividend date is Thursday, October 9th.
A number of other analysts have also recently weighed in on WEIR. Analysts at Investec reiterated a “sell” rating on shares of The Weir Group PLC in a research note on Thursday. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of The Weir Group PLC in a research note on Thursday. They now have a GBX 2,700 ($45.85) price target on the stock. Finally, analysts at Societe Generale reiterated a “hold” rating on shares of The Weir Group PLC in a research note on Thursday. They now have a GBX 2,600 ($44.15) price target on the stock. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The Weir Group PLC currently has a consensus rating of “Hold” and an average target price of GBX 2,674.31 ($45.41).
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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