Credit Suisse Group Reaffirms Outperform Rating for Weir Group PLC (WEIR)
Weir Group PLC (LON:WEIR)‘s stock had its “outperform” rating reaffirmed by analysts at Credit Suisse Group in a report released on Wednesday. They currently have a GBX 2,200 ($28.56) price target on the stock. Credit Suisse Group’s price target suggests a potential upside of 26.95% from the stock’s current price.
A number of other equities research analysts also recently issued reports on the stock. J P Morgan Chase & Co reissued an “overweight” rating on shares of Weir Group PLC in a report on Monday, June 19th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Weir Group PLC in a research note on Friday, May 5th. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 2,270 ($29.47) target price on shares of Weir Group PLC in a research note on Friday, April 28th. BNP Paribas reaffirmed an “outperform” rating and issued a GBX 2,300 ($29.86) target price on shares of Weir Group PLC in a research note on Tuesday, July 18th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a GBX 2,300 ($29.86) target price on shares of Weir Group PLC in a research note on Monday, May 1st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. Weir Group PLC has an average rating of “Hold” and an average target price of GBX 2,001.76 ($25.99).
Shares of Weir Group PLC (LON WEIR) traded up 2.37% during trading on Wednesday, hitting GBX 1774.00. 274,165 shares of the stock traded hands. The company’s market cap is GBX 3.87 billion. Weir Group PLC has a 1-year low of GBX 1,479.00 and a 1-year high of GBX 2,096.00. The stock has a 50-day moving average of GBX 1,815.73 and a 200 day moving average of GBX 1,885.09.
In related news, insider Jon Stanton sold 11,909 shares of Weir Group PLC stock in a transaction on Monday, May 22nd. The shares were sold at an average price of GBX 1,920 ($24.93), for a total value of £228,652.80 ($296,836.04).
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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