Weir Group PLC (LON:WEIR) has been assigned an average rating of “Hold” from the seventeen brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 1,990.94 ($25.85).

A number of equities research analysts have recently issued reports on WEIR shares. Credit Suisse Group reissued an “outperform” rating and issued a GBX 2,200 ($28.56) price target on shares of Weir Group PLC in a research note on Wednesday, May 17th. J P Morgan Chase & Co restated an “overweight” rating on shares of Weir Group PLC in a report on Monday, June 19th. Citigroup Inc. restated a “buy” rating and issued a GBX 2,395 ($31.09) price objective on shares of Weir Group PLC in a report on Monday, June 26th. Deutsche Bank AG restated a “buy” rating and issued a GBX 2,220 ($28.82) price objective on shares of Weir Group PLC in a report on Monday, August 7th. Finally, BNP Paribas restated an “outperform” rating and issued a GBX 2,300 ($29.86) price objective on shares of Weir Group PLC in a report on Tuesday, July 18th.

Weir Group PLC (WEIR) opened at 1734.00 on Tuesday. The stock’s 50 day moving average is GBX 1,818.03 and its 200-day moving average is GBX 1,887.26. Weir Group PLC has a 1-year low of GBX 1,479.00 and a 1-year high of GBX 2,096.00. The company’s market capitalization is GBX 3.78 billion.

The company also recently declared a dividend, which will be paid on Friday, November 3rd. Shareholders of record on Thursday, September 21st will be issued a dividend of GBX 15 ($0.19) per share. This represents a yield of 0.8%. The ex-dividend date of this dividend is Thursday, September 21st.

In other news, insider Jon Stanton sold 11,909 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of GBX 1,920 ($24.93), for a total value of £228,652.80 ($296,836.04).

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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.

Analyst Recommendations for Weir Group PLC (LON:WEIR)

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