JPMorgan Chase & Co. upgraded shares of Weir Group PLC (LON:WEIR) to an overweight rating in a research report sent to investors on Monday morning. The firm currently has GBX 1,775 ($23.17) target price on the stock, up from their previous target price of GBX 1,220 ($15.92).

Analyst Recommendations for Weir Group PLC (LON:WEIR)

Several other equities research analysts also recently weighed in on WEIR. Jefferies Group reissued an underweight rating and set a GBX 1,220 ($15.92) price target on shares of Weir Group PLC in a research report on Monday, August 8th. HSBC raised their price target on shares of Weir Group PLC from GBX 1,500 ($19.58) to GBX 1,750 ($22.84) and gave the company a buy rating in a research report on Tuesday, August 16th. BNP Paribas raised their price target on shares of Weir Group PLC from GBX 1,500 ($19.58) to GBX 1,650 ($21.54) and gave the company an outperform rating in a research report on Wednesday, July 13th. Goldman Sachs Group Inc. reissued a buy rating and set a GBX 1,750 ($22.84) price target on shares of Weir Group PLC in a research report on Wednesday, July 27th. Finally, Barclays PLC lifted their target price on shares of 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 report on Friday, July 29th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of GBX 1,305.06 ($17.04).

Shares of Weir Group PLC (LON:WEIR) opened at 1606.00 on Monday. Weir Group PLC has a 52-week low of GBX 764.50 and a 52-week high of GBX 1,646.00. The stock’s market cap is GBX 3.44 billion. The firm’s 50 day moving average price is GBX 1,539.44 and its 200 day moving average price is GBX 1,312.69.

The firm also recently declared a dividend, which will be paid on Friday, November 4th. Stockholders of record on Thursday, September 22nd will be given 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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