Weir Group PLC (LON:WEIR) Earns “Overweight” Rating from Barclays PLC
Weir Group PLC (LON:WEIR)‘s stock had its “overweight” rating restated by analysts at Barclays PLC in a research report issued on Monday. They currently have a GBX 2,350 ($31.00) target price on the stock. Barclays PLC’s target price would suggest a potential upside of 29.76% from the company’s previous close.
Several other brokerages have also recently issued reports on WEIR. Citigroup Inc. reissued a “buy” rating and issued a GBX 2,270 ($29.94) price objective on shares of Weir Group PLC in a research note on Friday, April 28th. Deutsche Bank AG reissued a “buy” rating on shares of Weir Group PLC in a research note on Monday, July 10th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Weir Group PLC in a research note on Tuesday, April 18th. J P Morgan Chase & Co reissued an “overweight” rating on shares of Weir Group PLC in a research note on Monday, July 24th. Finally, Numis Securities Ltd raised Weir Group PLC to a “hold” rating and set a GBX 1,850 ($24.40) price objective on the stock in a research note on Tuesday, April 25th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 1,958.33 ($25.83).
Shares of Weir Group PLC (LON:WEIR) traded down 0.77% during trading on Monday, reaching GBX 1797.00. The company’s stock had a trading volume of 579,881 shares. The company has a 50 day moving average of GBX 1,816.25 and a 200 day moving average of GBX 1,899.88. The company’s market cap is GBX 3.92 billion. Weir Group PLC has a 12-month low of GBX 1,400.72 and a 12-month high of GBX 2,096.00.
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In other news, insider Jon Stanton sold 11,909 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of GBX 1,920 ($25.33), for a total transaction of £228,652.80 ($301,612.98).
About Weir Group PLC
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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