Weir Group PLC (WEIR) Stock Rating Upgraded by Barclays PLC

Weir Group PLC (LON:WEIR) was upgraded by stock analysts at Barclays PLC to an “overweight” rating in a report issued on Friday. The firm currently has a GBX 2,300 ($28.41) price target on the stock, up from their prior price target of GBX 1,900 ($23.47). Barclays PLC’s target price points to a potential upside of 18.86% from the company’s previous close.

Several other analysts have also recently issued reports on WEIR. BNP Paribas restated an “outperform” rating and issued a GBX 2,200 ($27.17) target price on shares of Weir Group PLC in a report on Monday, February 27th. Credit Suisse Group AG dropped their target price on Weir Group PLC from GBX 2,200 ($27.17) to GBX 2,100 ($25.94) and set an “outperform” rating for the company in a report on Monday, February 27th. Goldman Sachs Group Inc restated a “buy” rating and issued a GBX 2,150 ($26.55) target price on shares of Weir Group PLC in a report on Thursday, February 16th. Panmure Gordon restated a “sell” rating and issued a GBX 750 ($9.26) target price on shares of Weir Group PLC in a report on Thursday, February 23rd. Finally, Deutsche Bank AG upped their target price on Weir Group PLC from GBX 1,976 ($24.40) to GBX 2,220 ($27.42) and gave the company a “buy” rating in a report on Friday, February 3rd. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. Weir Group PLC presently has a consensus rating of “Hold” and an average target price of GBX 1,772.94 ($21.90).

Analyst Recommendations for Weir Group PLC (LON:WEIR)

Shares of Weir Group PLC (LON:WEIR) opened at 1935.00 on Friday. Weir Group PLC has a 12-month low of GBX 988.50 and a 12-month high of GBX 2,060.00. The company’s market capitalization is GBX 4.21 billion. The company has a 50 day moving average price of GBX 1,935.08 and a 200 day moving average price of GBX 1,815.06.

The firm also recently declared a dividend, which will be paid on Monday, June 5th. Stockholders of record on Thursday, April 27th will be issued a dividend of GBX 29 ($0.36) per share. The ex-dividend date of this dividend is Thursday, April 27th. This is a boost from Weir Group PLC’s previous dividend of $15.00. This represents a dividend yield of 1.46%.

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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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