Weir Group PLC (WEIR) Given Average Rating of “Hold” by Brokerages
Weir Group PLC (LON:WEIR) has earned an average rating of “Hold” from the nineteen brokerages that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,898.89 ($24.80).
Several research firms have weighed in on WEIR. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a GBX 2,150 ($28.08) price objective on shares of Weir Group PLC in a research report on Thursday, April 6th. Barclays PLC reiterated an “overweight” rating and set a GBX 2,300 ($30.03) price objective on shares of Weir Group PLC in a research report on Tuesday, April 11th. Numis Securities Ltd upgraded shares of Weir Group PLC to a “hold” rating and set a GBX 1,850 ($24.16) price objective on the stock in a research report on Tuesday, April 25th. J P Morgan Chase & Co upgraded shares of Weir Group PLC to an “overweight” rating and lifted their price objective for the stock from GBX 1,800 ($23.50) to GBX 2,175 ($28.40) in a research report on Tuesday, April 25th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of Weir Group PLC in a research report on Thursday, April 20th.
In related news, insider Jon Stanton sold 11,909 shares of Weir Group PLC stock in a transaction on Monday, May 22nd. The shares were sold at an average price of GBX 1,920 ($25.07), for a total value of £228,652.80 ($298,580.31).
Weir Group PLC (LON WEIR) opened at 1886.00 on Friday. The stock’s market cap is GBX 4.11 billion. The firm’s 50 day moving average price is GBX 1,811.17 and its 200-day moving average price is GBX 1,906.97. Weir Group PLC has a 52 week low of GBX 1,379.00 and a 52 week high of GBX 2,096.00.
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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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