The Weir Group PLC Given Consensus Recommendation of “Hold” by Analysts (LON:WEIR)
Shares of The Weir Group PLC (LON:WEIR) have been given a consensus rating of “Hold” by the eighteen brokerages that are presently covering the stock, StockRatingsNetwork.com reports. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 2,713.06 ($45.02).
The Weir Group PLC (LON:WEIR) opened at 2739.00 on Friday. The Weir Group PLC has a one year low of GBX 2036.00 and a one year high of GBX 2848.00. The stock has a 50-day moving average of GBX 2650. and a 200-day moving average of GBX 2593.58. The company’s market cap is £5.840 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 research firms have recently commented on WEIR. Analysts at Credit Suisse upgraded shares of The Weir Group PLC to an “outperform” rating in a research note on Tuesday. They now have a GBX 3,060 ($50.78) price target on the stock, up previously from GBX 2,540 ($42.15). Separately, 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 RBC Capital upgraded shares of The Weir Group PLC to a “top pick” rating in a research note on Tuesday, August 5th. They now have a GBX 3,150 ($52.27) price target on the stock, up previously from GBX 3,050 ($50.61).
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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