Weir Group PLC (WEIR) Earns “Buy” Rating from Deutsche Bank AG
Weir Group PLC (LON:WEIR)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank AG in a report issued on Wednesday. They presently have a GBX 2,220 ($29.30) price target on the stock. Deutsche Bank AG’s price objective would suggest a potential upside of 13.67% from the company’s previous close.
A number of other analysts have also weighed in on the stock. BNP Paribas reissued an “outperform” rating and issued a GBX 2,300 ($30.35) price target on shares of Weir Group PLC in a report on Tuesday, July 18th. J P Morgan Chase & Co reissued an “overweight” rating on shares of Weir Group PLC in a report on Monday, July 24th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 2,200 ($29.03) price target on shares of Weir Group PLC in a report on Wednesday, July 19th. Canaccord Genuity raised shares of Weir Group PLC to a “buy” rating and set a GBX 2,000 ($26.39) price target for the company in a report on Tuesday, September 5th. Finally, Numis Securities Ltd raised shares of Weir Group PLC to an “add” rating and set a GBX 2,050 ($27.05) price target for the company in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 2,029.12 ($26.78).
Weir Group PLC (WEIR) opened at 1948.00 on Wednesday. The firm’s 50-day moving average price is GBX 1,950.76 and its 200-day moving average price is GBX 1,870.04. Weir Group PLC has a 52 week low of GBX 1,514.98 and a 52 week high of GBX 2,154.00. The company’s market capitalization is GBX 4.24 billion.
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In other Weir Group PLC news, insider Christopher Morgan sold 464 shares of Weir Group PLC stock in a transaction on Thursday, September 7th. The shares were sold at an average price of GBX 1,824 ($24.07), for a total transaction of £8,463.36 ($11,168.33).
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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