The Weir Group PLC Upgraded by RBC Capital to “Top pick” (WEIR)
The Weir Group PLC (LON:WEIR) was upgraded by analysts at RBC Capital to a “top pick” rating in a research report issued to clients and investors on Tuesday. The firm currently has a GBX 3,150 ($53.00) price target on the stock, up from their previous price target of GBX 3,050 ($51.32). RBC Capital’s price objective points to a potential upside of 22.28% from the company’s current price.
A number of other analysts have also recently weighed in on WEIR. Analysts at Panmure Gordon reiterated a “sell” rating on shares of The Weir Group PLC in a research note on Friday. They now have a GBX 2,034 ($34.23) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of The Weir Group PLC in a research note on Friday. They now have a GBX 2,950 ($49.64) price target on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of The Weir Group PLC from GBX 2,440 ($41.06) to GBX 2,510 ($42.23) in a research note on Friday. They now have an “equal weight” rating on the stock. Three analysts have rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 2,680.56 ($45.10).
The Weir Group PLC (LON:WEIR) traded up 2.02% during mid-day trading on Tuesday, hitting GBX 2576.00. The stock had a trading volume of 593,818 shares. The Weir Group PLC has a one year low of GBX 2036.00 and a one year high of GBX 2848.00. The stock’s 50-day moving average is GBX 2664. and its 200-day moving average is GBX 2523.84. The company’s market cap is £5.492 billion.
The company also recently announced a dividend, which is scheduled for Friday, November 7th. Shareholders 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.
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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