Weir Group PLC (WEIR) Receives Consensus Rating of “Hold” from Brokerages
Shares of Weir Group PLC (LON:WEIR) have earned a consensus recommendation of “Hold” from the eighteen analysts that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 1,846.67 ($23.53).
WEIR has been the subject of a number of research analyst reports. HSBC Holdings plc reiterated a “buy” rating and set a GBX 2,300 ($29.30) price target on shares of Weir Group PLC in a research report on Thursday, April 6th. Deutsche Bank AG reiterated a “buy” rating on shares of Weir Group PLC in a research report on Friday, May 5th. Citigroup Inc. reiterated a “buy” rating and set a GBX 2,270 ($28.92) price target on shares of Weir Group PLC in a research report on Friday, April 28th. Barclays PLC reiterated an “overweight” rating and set a GBX 2,300 ($29.30) price target on shares of Weir Group PLC in a research report on Monday, May 1st. Finally, Credit Suisse Group reiterated an “outperform” rating and set a GBX 2,100 ($26.76) price target on shares of Weir Group PLC in a research report on Wednesday, April 19th.
In other Weir Group PLC news, insider Jon Stanton sold 11,909 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of GBX 1,920 ($24.46), for a total value of £228,652.80 ($291,314.56).
Weir Group PLC (LON:WEIR) opened at 1759.00 on Monday. Weir Group PLC has a 12-month low of GBX 1,224.00 and a 12-month high of GBX 2,096.00. The stock has a 50 day moving average of GBX 1,857.35 and a 200-day moving average of GBX 1,915.72. The company’s market cap is GBX 3.83 billion.
About Weir Group PLC
The Weir Group PLC is a United Kingdom-based company, which is engaged in engineering businesses. The Company’s business operates through three segments: Minerals, Oil & Gas, and Flow Control. 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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