The Weir Group PLC Receives “Top Pick” Rating from RBC Capital (WEIR)
The Weir Group PLC (LON:WEIR)‘s stock had its “top pick” rating reissued by analysts at RBC Capital in a research report issued to clients and investors on Tuesday. They currently have a GBX 3,150 ($52.13) price target on the stock. RBC Capital’s price target indicates a potential upside of 20.83% from the stock’s previous close.
The Weir Group PLC (LON:WEIR) opened at 2634.00 on Tuesday. 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 2647.83 and a 200-day moving average of GBX 2569.87. The company’s market cap is £5.616 billion.
The company also recently declared a dividend, which is scheduled for Friday, November 7th. Shareholders 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.
WEIR has been the subject of a number of other recent research reports. Analysts at Panmure Gordon reiterated a “sell” rating on shares of The Weir Group PLC in a research note on Friday, August 1st. They now have a GBX 2,034 ($33.66) 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, August 1st. They now have a GBX 2,950 ($48.82) 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 ($40.38) to GBX 2,510 ($41.54) in a research note on Friday, August 1st. They now have an “equal weight” rating on the stock. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 2,680.56 ($44.36).
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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