Weir Group PLC (WEIR) Upgraded at JPMorgan Chase & Co.
JPMorgan Chase & Co. upgraded shares of Weir Group PLC (LON:WEIR) to an overweight rating in a report issued on Monday morning. The brokerage currently has GBX 1,775 ($23.17) target price on the stock, up from their previous target price of GBX 1,220 ($15.92).
WEIR has been the subject of several other reports. BNP Paribas restated an outperform rating and set a GBX 1,650 ($21.54) price objective on shares of Weir Group PLC in a research report on Friday, July 29th. Goldman Sachs Group Inc. cut shares of Weir Group PLC to a buy rating in a research report on Wednesday, July 6th. Canaccord Genuity raised their price objective on shares of Weir Group PLC from GBX 1,200 ($15.66) to GBX 1,325 ($17.30) and gave the stock a hold rating in a research report on Friday, July 8th. Morgan Stanley raised their price objective on shares of Weir Group PLC from GBX 1,200 ($15.66) to GBX 1,380 ($18.01) and gave the stock an equal weight rating in a research report on Friday, August 5th. Finally, Barclays PLC raised their price objective on shares of Weir Group PLC from GBX 1,150 ($15.01) to GBX 1,400 ($18.27) and gave the stock an equal weight rating in a research report on Friday, July 29th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of Hold and an average price target of GBX 1,305.06 ($17.04).
Shares of Weir Group PLC (LON:WEIR) opened at 1606.00 on Monday. The stock has a 50 day moving average of GBX 1,539.44 and a 200 day moving average of GBX 1,312.69. Weir Group PLC has a 12 month low of GBX 764.50 and a 12 month high of GBX 1,646.00. The stock’s market cap is GBX 3.44 billion.
The business also recently disclosed a dividend, which will be paid on Friday, November 4th. Stockholders of record on Thursday, September 22nd will be given a dividend of GBX 15 ($0.20) per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a dividend yield of 1.03%.
Weir Group PLC Company Profile
The Weir Group PLC is engaged in engineering businesses. The Company operates through three segments: Minerals, Oil & Gas, and Power & Industrial. 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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