Weir Group PLC (WEIR) Receives Average Rating of “Hold” from Analysts
Shares of Weir Group PLC (LON:WEIR) have earned an average recommendation of “Hold” from the seventeen research firms that are presently covering the stock, MarketBeat Ratings reports. Three investment 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. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 1,990.94 ($25.85).
A number of equities research analysts recently weighed in on WEIR shares. Credit Suisse Group restated an “outperform” rating and set a GBX 2,200 ($28.56) price objective on shares of Weir Group PLC in a research note on Wednesday, May 17th. J P Morgan Chase & Co restated an “overweight” rating on shares of Weir Group PLC in a research note on Monday, June 19th. Citigroup Inc. restated a “buy” rating and set a GBX 2,395 ($31.09) price objective on shares of Weir Group PLC in a research note on Monday, June 26th. Deutsche Bank AG restated a “buy” rating and set a GBX 2,220 ($28.82) price objective on shares of Weir Group PLC in a research note on Monday, August 7th. Finally, BNP Paribas restated an “outperform” rating and set a GBX 2,300 ($29.86) price objective on shares of Weir Group PLC in a research note on Tuesday, July 18th.
In related news, insider Jon Stanton sold 11,909 shares of Weir Group PLC stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of GBX 1,920 ($24.93), for a total value of £228,652.80 ($296,836.04).
Shares of Weir Group PLC (WEIR) opened at 1734.00 on Tuesday. The company has a 50-day moving average of GBX 1,818.03 and a 200-day moving average of GBX 1,887.26. Weir Group PLC has a 52 week low of GBX 1,479.00 and a 52 week high of GBX 2,096.00. The firm’s market capitalization is GBX 3.78 billion.
The business also recently declared a dividend, which will be paid on Friday, November 3rd. Investors of record on Thursday, September 21st will be paid a GBX 15 ($0.19) dividend. The ex-dividend date of this dividend is Thursday, September 21st. This represents a yield of 0.8%.
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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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