Weir Group (LON:WEIR) Rating Reaffirmed
London: In an analyst research report issued to clients on 9 December, Barclays reaffirmed their “Equalweight” rating on Weir Group (LON:WEIR) shares. They now have a GBX 1150 PT on the company. Barclays’s target provides a potential upside of 12.75% from the company’s current price.
From a total of 23 analysts covering Weir Group PLC (LON:WEIR) stock, 4 rate it a ”Buy”, 4 a “Sell”, and 14 a ”Hold”. This means that 18% of the ratings are positive. The highest target price is GBX 1600 while the lowest target price is GBX 875. The mean of all analyst targets is GBX 1244.35 with a 26.05% above today’s (GBX 1013) stock price. Weir Group PLC was the topic of 69 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on December 9 with “Equal Weight” rating. Deutsche Bank upgraded shares to “Buy” rating and GBX 1360 target share price in a report from a November 13. Nomura maintained WEIR stock in a recent report from November 20 with “Neutral” rating. Citigroup downgraded the rating on November 6. Citigroup has a “Neutral” rating and a GBX 1200 price target on shares. Finally, Liberum Capital maintained the stock with “Sell” rating in a report issued on a November 13.
Approximately 661,438 shares of stock traded hands. Weir Group PLC (LON:WEIR) has declined 45.36% since May 12, 2015 and is downtrending. It has underperformed by 44.56% the S&P500.
The Weir Group PLC is engaged in engineering businesses. The company has a market cap of 2.18 billion GBP. The Firm operates in three business divisions: Minerals, Oil & Gas and Power & Industrial. It currently has negative earnings. The Company’s 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.