Weir Group PLC (WEIR) PT Raised to GBX 2,200
Weir Group PLC (LON:WEIR) had its price objective upped by investment analysts at BNP Paribas from GBX 2,000 ($24.99) to GBX 2,200 ($27.49) in a research note issued to investors on Friday. The firm presently has an “outperform” rating on the stock. BNP Paribas’ price target indicates a potential upside of 9.24% from the company’s previous close.
WEIR has been the subject of several other research reports. Bank of America Corporation raised their target price on Weir Group PLC from GBX 2,050 ($25.62) to GBX 2,100 ($26.24) and gave the stock a “buy” rating in a research report on Wednesday, January 11th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a GBX 1,900 ($23.74) target price on shares of Weir Group PLC in a research report on Thursday, December 1st. Barclays PLC decreased their target price on Weir Group PLC from GBX 1,650 ($20.62) to GBX 1,600 ($20.00) and set an “equal weight” rating for the company in a research report on Wednesday, November 2nd. Canaccord Genuity raised their target price on Weir Group PLC from GBX 1,350 ($16.87) to GBX 1,600 ($20.00) and gave the stock a “sell” rating in a research report on Friday, January 6th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 2,200 ($27.49) target price on shares of Weir Group PLC in a research report on Thursday, January 19th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. Weir Group PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 1,603.25 ($20.04).
Weir Group PLC (LON:WEIR) traded down 0.35% during midday trading on Friday, hitting GBX 2014.00. The stock had a trading volume of 720,568 shares. The stock’s market cap is GBX 4.32 billion. The company’s 50-day moving average price is GBX 1,987.65 and its 200 day moving average price is GBX 1,758.85. Weir Group PLC has a 12-month low of GBX 838.00 and a 12-month high of GBX 2,060.00.
This news story was originally published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this news story can be viewed at http://www.dailypolitical.com/2017/02/16/weir-group-plc-weir-pt-raised-to-gbx-2200.html.
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.
Receive News & Ratings for Weir Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weir Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.