Deutsche Bank AG Reiterates “Buy” Rating for Weir Group PLC (WEIR)
Deutsche Bank AG reiterated their buy rating on shares of Weir Group PLC (LON:WEIR) in a research note issued to investors on Thursday morning. They currently have a GBX 2,220 ($29.19) price objective on the stock.
WEIR has been the subject of a number of other research reports. Citigroup Inc. restated a buy rating and set a GBX 2,350 ($30.90) price target on shares of Weir Group PLC in a report on Tuesday, September 26th. Barclays PLC reaffirmed an overweight rating and set a GBX 2,350 ($30.90) price objective on shares of Weir Group PLC in a research report on Thursday, August 17th. Peel Hunt raised shares of Weir Group PLC to a buy rating and increased their price objective for the stock from GBX 2,000 ($26.30) to GBX 2,100 ($27.61) in a research report on Friday, August 25th. J P Morgan Chase & Co reaffirmed an overweight rating on shares of Weir Group PLC in a research report on Monday, June 19th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a GBX 2,400 ($31.55) price objective on shares of Weir Group PLC in a research report on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Weir Group PLC has a consensus rating of Buy and a consensus target price of GBX 2,016.76 ($26.52).
Shares of Weir Group PLC (LON:WEIR) opened at 2007.00 on Thursday. Weir Group PLC has a one year low of GBX 1,514.98 and a one year high of GBX 2,096.00. The company has a 50 day moving average price of GBX 1,874.83 and a 200-day moving average price of GBX 1,862.49. The stock’s market cap is GBX 4.37 billion.
The firm also recently declared a dividend, which will be paid on Friday, November 3rd. Shareholders of record on Thursday, September 21st will be given a GBX 15 ($0.20) dividend. The ex-dividend date of this dividend is Thursday, September 21st. This represents a yield of 0.8%.
In other Weir Group PLC news, insider Christopher Morgan sold 464 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of GBX 1,824 ($23.98), for a total value of £8,463.36 ($11,127.22).
Weir Group PLC Company Profile
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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