Weir Group PLC (WEIR) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Weir Group PLC (LON:WEIR) have been assigned a consensus rating of “Buy” from the seventeen ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 2,006.88 ($26.62).
A number of analysts have recently issued reports on WEIR shares. J P Morgan Chase & Co restated an “overweight” rating on shares of Weir Group PLC in a research report on Monday, June 19th. BNP Paribas reaffirmed an “outperform” rating and issued a GBX 2,300 ($30.51) target price on shares of Weir Group PLC in a research report on Tuesday, July 18th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 2,200 ($29.18) target price on shares of Weir Group PLC in a research report on Wednesday, July 19th. Deutsche Bank AG reiterated a “buy” rating on shares of Weir Group PLC in a research note on Monday, July 10th. Finally, Citigroup Inc. reiterated a “buy” rating and set a GBX 2,395 ($31.77) price target on shares of Weir Group PLC in a research note on Monday, June 26th.
In related news, insider Christopher Morgan sold 464 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of GBX 1,824 ($24.19), for a total transaction of £8,463.36 ($11,226.10).
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Shares of Weir Group PLC (LON:WEIR) opened at 1950.00 on Wednesday. The company’s 50 day moving average is GBX 1,818.67 and its 200-day moving average is GBX 1,855.63. The company’s market cap is GBX 4.25 billion. Weir Group PLC has a 12 month low of GBX 1,514.98 and a 12 month high of GBX 2,096.00.
The firm also recently announced a dividend, which will be paid on Friday, November 3rd. Stockholders of record on Thursday, September 21st will be issued a GBX 15 ($0.20) dividend. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, September 21st.
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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