Deutsche Bank AG restated their buy rating on shares of Weir Group PLC (LON:WEIR) in a research report sent to investors on Monday, August 7th. They currently have a GBX 2,220 ($28.82) price target on the stock.
Other analysts also recently issued reports about the stock. Numis Securities Ltd reiterated a hold rating and issued a GBX 1,900 ($24.67) price objective on shares of Weir Group PLC in a report on Friday, April 28th. Goldman Sachs Group, Inc. (The) reiterated a buy rating on shares of Weir Group PLC in a report on Tuesday, April 18th. Citigroup Inc. restated a buy rating on shares of Weir Group PLC in a report on Thursday, April 20th. Morgan Stanley downgraded shares of Weir Group PLC to an equal weight rating and lowered their target price for the stock from GBX 2,100 ($27.26) to GBX 1,940 ($25.18) in a report on Wednesday, July 19th. Finally, Peel Hunt restated a hold rating and set a GBX 2,000 ($25.96) target price on shares of Weir Group PLC in a report on Monday, June 12th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 2,001.76 ($25.99).
Shares of Weir Group PLC (LON:WEIR) opened at 1741.00 on Monday. The firm has a 50-day moving average of GBX 1,815.51 and a 200 day moving average of GBX 1,881.20. Weir Group PLC has a 52-week low of GBX 1,479.00 and a 52-week high of GBX 2,096.00. The company’s market capitalization is GBX 3.79 billion.
The firm also recently announced a dividend, which will be paid on Friday, November 3rd. Stockholders of record on Thursday, September 21st will be given a GBX 15 ($0.19) dividend. The ex-dividend date is Thursday, September 21st. This represents a dividend yield of 0.8%.
In other news, insider Jon Stanton sold 11,909 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of GBX 1,920 ($24.93), for a total value of £228,652.80 ($296,836.04).
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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