Weir Group PLC (WEIR) Stock Rating Reaffirmed by Barclays PLC
Weir Group PLC (LON:WEIR)‘s stock had its “overweight” rating reissued by stock analysts at Barclays PLC in a report released on Monday. They currently have a GBX 2,350 ($31.00) target price on the stock. Barclays PLC’s target price points to a potential upside of 29.76% from the company’s previous close.
WEIR has been the topic of several other research reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of Weir Group PLC in a report on Friday, May 5th. Canaccord Genuity lifted their price target on shares of Weir Group PLC from GBX 1,650 ($21.76) to GBX 1,800 ($23.74) and gave the company a “sell” rating in a report on Friday, April 28th. Investec reaffirmed a “sell” rating and set a GBX 1,600 ($21.11) price target on shares of Weir Group PLC in a report on Tuesday, June 13th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Weir Group PLC in a report on Monday, June 19th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a GBX 2,400 ($31.66) price target on shares of Weir Group PLC in a report on Thursday, July 20th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 1,958.33 ($25.83).
Weir Group PLC (LON WEIR) traded down 0.77% during mid-day trading on Monday, reaching GBX 1797.00. 579,881 shares of the company were exchanged. The stock has a 50 day moving average of GBX 1,816.25 and a 200-day moving average of GBX 1,899.88. Weir Group PLC has a one year low of GBX 1,400.72 and a one year high of GBX 2,096.00. The stock’s market capitalization is GBX 3.92 billion.
In related news, insider Jon Stanton sold 11,909 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of GBX 1,920 ($25.33), for a total value of £228,652.80 ($301,612.98).
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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