Weir Group PLC (WEIR) Earns Buy Rating from HSBC Holdings plc
A number of other analysts have also recently weighed in on WEIR. Peel Hunt reaffirmed a hold rating and issued a GBX 2,000 ($26.53) price target on shares of Weir Group PLC in a research report on Monday, June 12th. Investec reissued a sell rating and set a GBX 1,600 ($21.22) price objective on shares of Weir Group PLC in a report on Tuesday, June 13th. J P Morgan Chase & Co reissued an overweight rating on shares of Weir Group PLC in a report on Monday, June 19th. Citigroup Inc. reissued a buy rating and set a GBX 2,395 ($31.77) price objective on shares of Weir Group PLC in a report on Monday, June 26th. Finally, Barclays PLC reissued an overweight rating and issued a GBX 2,300 ($30.51) price objective on shares of Weir Group PLC in a research note on Friday, July 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of GBX 2,016.76 ($26.75).
Weir Group PLC (LON WEIR) opened at 1973.00 on Friday. Weir Group PLC has a 52-week low of GBX 1,514.98 and a 52-week high of GBX 2,096.00. The firm’s market capitalization is GBX 4.30 billion. The company’s 50-day moving average price is GBX 1,812.44 and its 200 day moving average price is GBX 1,855.44.
The firm also recently disclosed a dividend, which will be paid on Friday, November 3rd. Stockholders of record on Thursday, September 21st will be paid a GBX 15 ($0.20) dividend. The ex-dividend date of this dividend is Thursday, September 21st. This represents a dividend yield of 0.8%.
In related news, insider Christopher Morgan sold 464 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of GBX 1,824 ($24.19), for a total transaction of £8,463.36 ($11,226.10).
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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