The Weir Group PLC Rating Reiterated by Societe Generale (WEIR)
The Weir Group PLC (LON:WEIR)‘s stock had its “hold” rating reaffirmed by research analysts at Societe Generale in a report released on Thursday. They currently have a GBX 2,600 ($44.15) target price on the stock. Societe Generale’s price objective would indicate a potential upside of 1.52% from the company’s current price.
The Weir Group PLC (LON:WEIR) opened at 2561.00 on Thursday. The Weir Group PLC has a 52 week low of GBX 2036.00 and a 52 week high of GBX 2848.00. The stock has a 50-day moving average of GBX 2671.18 and a 200-day moving average of GBX 2512.08. The company’s market cap is £5.451 billion.
The company also recently declared a dividend, which is scheduled for Friday, November 7th. Investors of record on Thursday, October 9th will be given a dividend of GBX 15 ($0.25) per share. This represents a yield of 0.58%. The ex-dividend date of this dividend is Thursday, October 9th.
A number of other firms have also recently commented on WEIR. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of The Weir Group PLC in a research note on Thursday. They now have a GBX 2,800 ($47.55) 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 Monday, July 28th. They now have a GBX 3,050 ($51.79) price target on the stock. Finally, analysts at Investec raised their price target on shares of The Weir Group PLC from GBX 2,410 ($40.92) to GBX 2,440 ($41.43) in a research note on Tuesday, July 22nd. They now have a “sell” rating on the stock. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The stock 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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