Weir Group PLC (WEIR) Receives Average Recommendation of “Buy” from Analysts
Weir Group PLC (LON:WEIR) has been given a consensus rating of “Buy” by the seventeen research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 2,009.69 ($25.95).
Several equities analysts have recently weighed in on WEIR shares. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 2,200 ($28.41) price objective on shares of Weir Group PLC in a research note on Wednesday, May 17th. Peel Hunt reiterated a “hold” rating and issued a GBX 2,000 ($25.83) price objective on shares of Weir Group PLC in a research note on Monday, June 12th. Investec reiterated a “sell” rating and issued a GBX 1,600 ($20.66) price objective on shares of Weir Group PLC in a research note on Tuesday, June 13th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of Weir Group PLC in a research note on Monday, June 19th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a GBX 2,395 ($30.93) price objective on shares of Weir Group PLC in a research note on Monday, June 26th.
In other Weir Group PLC news, insider Christopher Morgan sold 464 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of GBX 1,824 ($23.56), for a total transaction of £8,463.36 ($10,930.34).
Weir Group PLC (LON WEIR) opened at 1798.00 on Friday. The stock has a 50 day moving average of GBX 1,804.78 and a 200 day moving average of GBX 1,859.40. Weir Group PLC has a 1-year low of GBX 1,480.00 and a 1-year high of GBX 2,096.00. The stock’s market cap is GBX 3.92 billion.
The company also recently announced a dividend, which will be paid on Friday, November 3rd. Shareholders of record on Thursday, September 21st will be paid a dividend of GBX 15 ($0.19) per share. This represents a yield of 0.8%. The ex-dividend date is Thursday, September 21st.
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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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