Weir Group PLC (WEIR) Receives “Buy” Rating from Goldman Sachs Group Inc.
Weir Group PLC (LON:WEIR)‘s stock had its “buy” rating restated by investment analysts at Goldman Sachs Group Inc. in a note issued to investors on Wednesday. They presently have a GBX 1,932 ($23.55) price target on the stock. Goldman Sachs Group Inc.’s price target indicates a potential upside of 11.29% from the company’s previous close.
A number of other equities analysts have also issued reports on the stock. Credit Suisse Group AG restated an “outperform” rating and set a GBX 1,800 ($21.94) price objective on shares of Weir Group PLC in a research report on Tuesday, October 4th. Panmure Gordon restated a “sell” rating and set a GBX 750 ($9.14) price objective on shares of Weir Group PLC in a research report on Thursday, July 14th. JPMorgan Chase & Co. upgraded shares of Weir Group PLC to an “overweight” rating and raised their price objective for the company from GBX 1,220 ($14.87) to GBX 1,775 ($21.63) in a research report on Monday, September 19th. Canaccord Genuity raised their price objective on shares of Weir Group PLC from GBX 1,200 ($14.63) to GBX 1,325 ($16.15) and gave the company a “hold” rating in a research report on Friday, July 8th. Finally, HSBC raised their price objective on shares of Weir Group PLC from GBX 1,500 ($18.28) to GBX 1,750 ($21.33) and gave the company a “buy” rating in a research report on Tuesday, August 16th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. Weir Group PLC currently has a consensus rating of “Hold” and a consensus target price of GBX 1,324.83 ($16.15).
Weir Group PLC (LON:WEIR) opened at 1718.00 on Wednesday. The stock has a 50 day moving average of GBX 1,624.84 and a 200-day moving average of GBX 1,396.07. Weir Group PLC has a 52-week low of GBX 764.50 and a 52-week high of GBX 1,806.00. The firm’s market cap is GBX 3.68 billion.
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The business also recently declared 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 ($0.18) per share. The ex-dividend date is Thursday, September 22nd. This represents a yield of 1.03%.
Weir Group PLC Company Profile
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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