Shares of Weir Group PLC (LON:WEIR) have been given a consensus rating of “Hold” by the nineteen brokerages that are covering the company. Five research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 1,305.06 ($17.04).
Several brokerages have recently issued reports on WEIR. Numis Securities Ltd restated a “hold” rating and issued a GBX 1,400 ($18.27) price objective on shares of Weir Group PLC in a research note on Friday, July 29th. Barclays PLC raised their price objective on Weir Group PLC from GBX 1,150 ($15.01) to GBX 1,400 ($18.27) and gave the stock an “equal weight” rating in a research note on Friday, July 29th. Panmure Gordon restated a “sell” rating and issued a GBX 750 ($9.79) price objective on shares of Weir Group PLC in a research note on Friday, July 29th. Morgan Stanley raised their price objective on Weir Group PLC from GBX 1,200 ($15.66) to GBX 1,380 ($18.01) and gave the stock an “equal weight” rating in a research note on Friday, August 5th. Finally, Canaccord Genuity cut Weir Group PLC to a “sell” rating and reduced their price target for the company from GBX 1,325 ($17.30) to GBX 1,250 ($16.32) in a research report on Friday, July 29th.
Weir Group PLC (LON:WEIR) traded up 1.49% on Wednesday, reaching GBX 1571.00. The company’s stock had a trading volume of 761,792 shares. The company’s market capitalization is GBX 3.37 billion. Weir Group PLC has a 12-month low of GBX 764.50 and a 12-month high of GBX 1,646.00. The firm has a 50-day moving average of GBX 1,555.51 and a 200 day moving average of GBX 1,330.09.
The company also recently disclosed a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, September 22nd will be issued a GBX 15 ($0.20) dividend. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a dividend yield of 1.03%.
Weir Group PLC Company Profile
The Weir Group PLC is engaged in engineering businesses. The Company operates through three segments: Minerals, Oil & Gas, and Power & Industrial. 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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