Weir Group PLC’s (WEIR) “Buy” Rating Reaffirmed at Goldman Sachs Group Inc

Weir Group PLC (LON:WEIR)‘s stock had its “buy” rating reaffirmed by Goldman Sachs Group Inc in a report released on Thursday. They currently have a GBX 2,150 ($27.06) price target on the stock. Goldman Sachs Group Inc’s target price suggests a potential upside of 11.05% from the company’s current price.

A number of other research analysts also recently commented on WEIR. BNP Paribas reissued an “outperform” rating and issued a GBX 2,200 ($27.69) price objective on shares of Weir Group PLC in a research report on Monday, February 27th. Citigroup Inc initiated coverage on shares of Weir Group PLC in a report on Tuesday, April 4th. They set a “buy” rating and a GBX 2,270 ($28.57) target price for the company. Panmure Gordon reaffirmed a “sell” rating and set a GBX 750 ($9.44) target price on shares of Weir Group PLC in a report on Thursday, February 23rd. Credit Suisse Group AG reduced their target price on shares of Weir Group PLC from GBX 2,200 ($27.69) to GBX 2,100 ($26.43) and set an “outperform” rating for the company in a report on Monday, February 27th. Finally, Deutsche Bank AG lifted their target price on shares of Weir Group PLC from GBX 1,976 ($24.87) to GBX 2,220 ($27.94) and gave the stock a “buy” rating in a report on Friday, February 3rd. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. Weir Group PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 1,868.82 ($23.52).

Analyst Recommendations for Weir Group PLC (LON:WEIR)

Shares of Weir Group PLC (LON:WEIR) traded down 0.72% during midday trading on Thursday, reaching GBX 1922.00. 979,731 shares of the company were exchanged. The company’s market capitalization is GBX 4.18 billion. The stock has a 50-day moving average price of GBX 1,916.58 and a 200 day moving average price of GBX 1,871.15. Weir Group PLC has a 52-week low of GBX 1,095.00 and a 52-week high of GBX 2,060.00.

The firm also recently announced a dividend, which will be paid on Monday, June 5th. Shareholders of record on Thursday, April 27th will be issued a dividend of GBX 29 ($0.37) per share. This represents a yield of 1.46%. This is a positive change from Weir Group PLC’s previous dividend of $15.00. The ex-dividend date of this dividend is Thursday, April 27th.

TRADEMARK VIOLATION WARNING: This piece of content was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/04/21/weir-group-plc-weir-receives-buy-rating-from-goldman-sachs-group-inc-updated.html.

In other Weir Group PLC news, insider Christopher Morgan sold 933 shares of the business’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of GBX 1,936 ($24.37), for a total transaction of £18,062.88 ($22,734.90). Also, insider John Heasley bought 1,211 shares of Weir Group PLC stock in a transaction on Monday, March 27th. The shares were acquired at an average cost of GBX 1,843 ($23.20) per share, for a total transaction of £22,318.73 ($28,091.54).

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.

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.

Latest News

Leave a Reply