Weir Group PLC (LON:WEIR)‘s stock had its “outperform” rating reaffirmed by stock analysts at Credit Suisse Group AG in a research report issued to clients and investors on Tuesday. They currently have a GBX 1,800 ($23.50) target price on the stock. Credit Suisse Group AG’s price target indicates a potential upside of 2.97% from the stock’s previous close.
Several other research firms have also weighed in on WEIR. JPMorgan Chase & Co. raised Weir Group PLC to an “overweight” rating and lifted their price objective for the company from GBX 1,220 ($15.92) to GBX 1,775 ($23.17) in a research note on Monday, September 19th. BNP Paribas reaffirmed an “outperform” rating and issued a GBX 1,650 ($21.54) price objective on shares of Weir Group PLC in a research note on Friday, July 29th. Goldman Sachs Group Inc. lowered Weir Group PLC to a “buy” rating in a research note on Wednesday, July 6th. Canaccord Genuity lifted their price objective on Weir Group PLC from GBX 1,200 ($15.66) to GBX 1,325 ($17.30) and gave the company a “hold” rating in a research note on Friday, July 8th. Finally, Morgan Stanley lifted their price objective on Weir Group PLC from GBX 1,200 ($15.66) to GBX 1,380 ($18.01) and gave the company an “equal weight” rating in a research note on Friday, August 5th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 1,305.06 ($17.04).
Shares of Weir Group PLC (LON:WEIR) opened at 1748.00 on Tuesday. The stock has a 50 day moving average price of GBX 1,571.06 and a 200 day moving average price of GBX 1,348.13. Weir Group PLC has a 12-month low of GBX 764.50 and a 12-month high of GBX 1,752.00. The firm’s market capitalization is GBX 3.75 billion.
The business also recently disclosed a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, September 22nd will be given a dividend of GBX 15 ($0.20) per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a 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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