Weir Group PLC’s (WEIR) “Outperform” Rating Reiterated at Credit Suisse Group AG
Credit Suisse Group AG reissued their outperform rating on shares of Weir Group PLC (LON:WEIR) in a research report released on Tuesday morning. They currently have a GBX 1,800 ($23.50) price objective on the stock.
Several other brokerages have also recently commented on WEIR. HSBC boosted their price target on shares of Weir Group PLC from GBX 1,500 ($19.58) to GBX 1,750 ($22.84) and gave the stock a buy rating in a research note on Tuesday, August 16th. JPMorgan Chase & Co. restated an overweight rating on shares of Weir Group PLC in a research report on Thursday, September 29th. Goldman Sachs Group Inc. restated a buy rating and set a GBX 1,750 ($22.84) target price on shares of Weir Group PLC in a research report on Friday, August 12th. Numis Securities Ltd restated a hold rating and set a GBX 1,400 ($18.27) target price on shares of Weir Group PLC in a research report on Friday, August 12th. Finally, Panmure Gordon restated a sell rating and set a GBX 750 ($9.79) target price on shares of Weir Group PLC in a research report on Thursday, July 14th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. Weir Group PLC has an average rating of Hold and a consensus target price of GBX 1,305.06 ($17.04).
Shares of Weir Group PLC (LON:WEIR) opened at 1768.00 on Tuesday. The company’s market capitalization is GBX 3.79 billion. The firm’s 50-day moving average price is GBX 1,585.69 and its 200 day moving average price is GBX 1,358.67. Weir Group PLC has a 52-week low of GBX 764.50 and a 52-week high of GBX 1,806.00.
The firm also recently disclosed a dividend, which will be paid on Friday, November 4th. Stockholders of record on Thursday, September 22nd will be paid 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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