Weir Group PT Raised to $39.09 at BNP Paribas (WEIR)
Investment analysts at BNP Paribas upped their target price on shares of Weir Group (LON: WEIR) from $33.07 (2200 GBX) to $39.09 (2600 GBX) in a note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock.
Shares of Weir Group opened at 2362.00 on Tuesday. Weir Group has a one year low of GBX 1352.00 and a one year high of GBX 2386.00. The stock’s 50-day moving average is currently GBX 1763.. The company’s market cap is £5.013 billion.
A number of other analysts have also recently weighed in on WEIR. Analysts at Investec downgraded shares of Weir Group from a “buy” rating to a “hold” rating in a research note to investors on Monday. They now have a $35.33 price target on the stock, up previously from $33.82. Separately, analysts at Investec Securities downgraded shares of Weir Group to a “hold” rating in a research note to investors on Monday. They now have a $35.63 price target on the stock, up previously from $33.82. Finally, analysts at JP Morgan Cazenove raised their price target on shares of Weir Group from $37.54 to $39.04 in a research note to investors on Thursday, February 28th. They now have an “overweight” rating on the stock.
The Weir Group PLC operates in three segments: Minerals, Oil and Gas, and Power and Industrial. The Minerals segment designs and manufactures pumps, hydrocyclones, valves and other complementary equipment for the mining, flue gas desulphurisation and oil sands markets.
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