Weir Group PLC’s (WEIR) Outperform Rating Reaffirmed at Credit Suisse Group
Weir Group PLC (LON:WEIR)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse Group in a research note issued to investors on Wednesday. They presently have a GBX 2,200 ($28.56) target price on the stock. Credit Suisse Group’s target price suggests a potential upside of 26.36% from the stock’s current price.
A number of other equities analysts have also issued reports on WEIR. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Weir Group PLC in a report on Tuesday, April 18th. Citigroup Inc. reissued a “buy” rating on shares of Weir Group PLC in a report on Thursday, April 20th. Barclays PLC reissued an “overweight” rating and set a GBX 2,300 ($29.86) price target on shares of Weir Group PLC in a report on Tuesday, April 25th. Numis Securities Ltd raised Weir Group PLC to a “hold” rating and set a GBX 1,850 ($24.02) price target on the stock in a report on Tuesday, April 25th. Finally, J P Morgan Chase & Co raised Weir Group PLC to an “overweight” rating and raised their price target for the stock from GBX 1,800 ($23.37) to GBX 2,175 ($28.24) in a report on Tuesday, April 25th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 2,001.76 ($25.99).
Shares of Weir Group PLC (WEIR) traded down 0.23% on Wednesday, reaching GBX 1741.00. The company had a trading volume of 395,501 shares. The firm’s 50 day moving average is GBX 1,815.51 and its 200 day moving average is GBX 1,881.20. Weir Group PLC has a 12 month low of GBX 1,479.00 and a 12 month high of GBX 2,096.00. The firm’s market capitalization is GBX 3.79 billion.
In other news, insider Jon Stanton sold 11,909 shares of Weir Group PLC stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of GBX 1,920 ($24.93), for a total transaction of £228,652.80 ($296,836.04).
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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