Weir Group PLC (WEIR) Price Target Raised to GBX 2,150 at Goldman Sachs Group, Inc. (The)
Weir Group PLC (LON:WEIR) had its target price raised by Goldman Sachs Group, Inc. (The) from GBX 1,900 ($23.11) to GBX 2,150 ($26.15) in a report issued on Thursday morning. The firm currently has a buy rating on the stock.
Several other equities research analysts have also recently issued reports on WEIR. J P Morgan Chase & Co upgraded Weir Group PLC to an overweight rating and lifted their price objective for the stock from GBX 1,220 ($14.84) to GBX 1,775 ($21.59) in a report on Monday, September 19th. Credit Suisse Group started coverage on Weir Group PLC in a report on Tuesday, September 20th. They issued an outperform rating and a GBX 1,800 ($21.89) price objective on the stock. Societe Generale reiterated a hold rating and issued a GBX 1,620 ($19.70) price objective (up from GBX 900 ($10.94)) on shares of Weir Group PLC in a report on Wednesday, November 2nd. Barclays PLC lowered their price objective on Weir Group PLC from GBX 1,650 ($20.07) to GBX 1,600 ($19.46) and set an equal weight rating on the stock in a report on Wednesday, November 2nd. Finally, Deutsche Bank AG restated a buy rating and set a GBX 1,976 ($24.03) target price on shares of Weir Group PLC in a report on Wednesday, November 2nd. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 1,474.26 ($17.93).
Shares of Weir Group PLC (LON:WEIR) traded up 1.60% during midday trading on Thursday, hitting GBX 2033.00. The stock had a trading volume of 1,943,750 shares. Weir Group PLC has a 52-week low of GBX 764.50 and a 52-week high of GBX 2,034.00. The firm’s 50 day moving average price is GBX 1,854.24 and its 200 day moving average price is GBX 1,642.46. The firm’s market cap is GBX 4.36 billion.
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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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