Weir Group PLC (LON:WEIR) Given “Buy” Rating at Goldman Sachs Group, Inc. (The)
Weir Group PLC (LON:WEIR)‘s stock had its “buy” rating reaffirmed by stock analysts at Goldman Sachs Group, Inc. (The) in a report released on Thursday, StockTargetPrices.com reports. They currently have a GBX 2,400 ($31.34) price objective on the stock. Goldman Sachs Group, Inc. (The)’s target price points to a potential upside of 26.38% from the company’s previous close.
WEIR has been the subject of several other research reports. Deutsche Bank AG restated a “buy” rating on shares of Weir Group PLC in a research note on Friday, May 5th. Canaccord Genuity boosted their target price on Weir Group PLC from GBX 1,650 ($21.55) to GBX 1,800 ($23.50) and gave the stock a “sell” rating in a research note on Friday, April 28th. Investec restated a “sell” rating and set a GBX 1,600 ($20.89) target price on shares of Weir Group PLC in a research note on Tuesday, June 13th. HSBC Holdings plc restated a “buy” rating and set a GBX 2,300 ($30.03) target price on shares of Weir Group PLC in a research note on Thursday, April 6th. Finally, Citigroup Inc. initiated coverage on Weir Group PLC in a research note on Tuesday, April 4th. They set a “buy” rating and a GBX 2,270 ($29.64) target price for the company. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Weir Group PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 1,915.79 ($25.02).
Shares of Weir Group PLC (WEIR) traded down 0.58% during trading on Thursday, hitting GBX 1899.00. 1,144,574 shares of the company traded hands. The stock’s market capitalization is GBX 4.14 billion. Weir Group PLC has a 52-week low of GBX 1,379.00 and a 52-week high of GBX 2,096.00. The company has a 50-day moving average of GBX 1,813.54 and a 200-day moving average of GBX 1,906.91.
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In other news, insider Jon Stanton sold 11,909 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of GBX 1,920 ($25.07), for a total transaction of £228,652.80 ($298,580.31).
Weir Group PLC Company Profile
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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