Weir Group PLC (WEIR) Rating Reiterated by Credit Suisse Group AG
Weir Group PLC (LON:WEIR)‘s stock had its “outperform” rating reaffirmed by Credit Suisse Group AG in a research report issued to clients and investors on Tuesday. They presently have a GBX 1,800 ($23.50) price target on the stock. Credit Suisse Group AG’s target price suggests a potential upside of 2.51% from the company’s previous close.
A number of other brokerages also recently weighed in on WEIR. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Weir Group PLC in a research report on Thursday, September 29th. Goldman Sachs Group Inc. reduced their price target on shares of Weir Group PLC from GBX 1,750 ($22.84) to GBX 1,576 ($20.57) and set a “buy” rating for the company in a research report on Wednesday, September 7th. HSBC upped their price target on shares of Weir Group PLC from GBX 1,500 ($19.58) to GBX 1,750 ($22.84) and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Numis Securities Ltd restated a “hold” rating and set a GBX 1,400 ($18.27) price target on shares of Weir Group PLC in a research report on Friday, August 12th. Finally, Jefferies Group restated an “underweight” rating and set a GBX 1,220 ($15.92) price target on shares of Weir Group PLC in a research report on Monday, August 8th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,305.06 ($17.04).
Weir Group PLC (LON:WEIR) traded up 0.400229% on Tuesday, reaching GBX 1756.589966. The company had a trading volume of 893,817 shares. Weir Group PLC has a 1-year low of GBX 764.50 and a 1-year high of GBX 1,806.00. The firm’s market capitalization is GBX 3803.47 billion. The company’s 50-day moving average price is GBX 1,590.84 and its 200 day moving average price is GBX 1,362.90.
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The firm also recently announced a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, September 22nd will be issued a dividend of GBX 15 ($0.20) per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a yield of 1.03%.
About Weir Group PLC
The Weir Group PLC is engaged in engineering businesses. The Company operates through three segments: Minerals, Oil & Gas, and Power & Industrial. The Minerals segment is engaged in the provision of slurry handling equipment and associated aftermarket support for abrasive high wear applications used in the mining and oil sands markets.
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