Weir Group PLC (WEIR) Earns “Outperform” Rating from Credit Suisse Group
WEIR has been the subject of several other reports. Deutsche Bank AG reaffirmed a buy rating on shares of Weir Group PLC in a report on Monday, July 10th. Barclays PLC reaffirmed an overweight rating and set a GBX 2,350 ($30.90) price objective on shares of Weir Group PLC in a report on Monday, August 7th. J P Morgan Chase & Co reaffirmed an overweight rating on shares of Weir Group PLC in a report on Monday, July 24th. Citigroup Inc. reaffirmed a buy rating and set a GBX 2,350 ($30.90) price objective on shares of Weir Group PLC in a report on Tuesday, September 26th. Finally, Peel Hunt reaffirmed a buy rating and set a GBX 2,100 ($27.61) price objective on shares of Weir Group PLC in a report on Friday, September 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of GBX 2,016.76 ($26.52).
Shares of Weir Group PLC (LON WEIR) opened at 2007.00 on Friday. The company’s 50 day moving average price is GBX 1,874.83 and its 200 day moving average price is GBX 1,862.49. The stock’s market capitalization is GBX 4.37 billion. Weir Group PLC has a 12 month low of GBX 1,514.98 and a 12 month high of GBX 2,096.00.
The firm also recently disclosed a dividend, which will be paid on Friday, November 3rd. Stockholders of record on Thursday, September 21st will be given a GBX 15 ($0.20) dividend. This represents a dividend yield of 0.8%. The ex-dividend date is Thursday, September 21st.
In other news, insider Christopher Morgan sold 464 shares of Weir Group PLC stock in a transaction on Thursday, September 7th. The stock was sold at an average price of GBX 1,824 ($23.98), for a total value of £8,463.36 ($11,127.22).
About Weir Group PLC
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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