The Weir Group PLC Lifted to Outperform at Credit Suisse (WEIR)
The Weir Group PLC (LON:WEIR) was upgraded by stock analysts at Credit Suisse to an “outperform” rating in a report issued on Tuesday. The firm currently has a GBX 3,060 ($50.78) target price on the stock, up from their previous target price of GBX 2,540 ($42.15). Credit Suisse’s price objective would suggest a potential upside of 12.30% from the stock’s previous close.
WEIR has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated a “top pick” rating on shares of The Weir Group PLC in a research note on Tuesday, August 26th. They now have a GBX 3,150 ($52.27) price target on the stock. Finally, 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 ($33.75) price target on the stock. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 2,713.06 ($45.02).
Shares of The Weir Group PLC (LON:WEIR) traded up 3.25% on Tuesday, hitting GBX 2724.8364. The stock had a trading volume of 619,178 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 2645.84 and its 200-day moving average is GBX 2588.83. The company’s market cap is £5.809 billion.
The company also recently declared a dividend, which is scheduled for Friday, November 7th. Stockholders 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.
The Weir Group PLC is engaged in engineering businesses. It operates in three segments: Minerals, Oil and Gas, and Power and Industrial.