TOday’s Movers: Weir Group PLC (LON:WEIR) Stock Rating Has Been Maintained by Panmure Gordon; GBX 800.00 Target Price Indicates -18.20% Potential

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Weir Group PLC (LON:WEIR) Rating Reaffirmed

The broker has just set a target price of GBX 800.00 on Weir Group PLC (LON:WEIR) shares. This is -18.20% from the last close price. In analysts report sent to clients and investors on 14 December, Panmure Gordon maintained their “Sell” rating on shares of WEIR.

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 1240 with a 30.66% above today’s (GBX 974.5) stock price. Weir Group PLC was the topic of 70 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Panmure Gordon maintained shares on December 14 with “Sell” rating. Liberum Capital maintained shares with “Sell” rating and GBX 1000 target share price in a report from a November 13. RBC Capital Markets maintained WEIR stock in a recent report from December 8 with “Sector Perform” rating. Deutsche Bank upgraded the rating on November 13. Deutsche Bank has a “Buy” rating and a GBX 1360 price target on shares. Finally, Goldman Sachs maintained the stock with “Buy” rating in a report issued on a November 19.

Approximately 211,014 shares of stock traded hands. Weir Group PLC (LON:WEIR) has declined 48.23% since May 15, 2015 and is downtrending. It has underperformed by 43.82% the S&P500.

TOday’s Movers: Weir Group PLC (LON:WEIR) Stock Rating Has Been Maintained by Panmure Gordon; GBX 800.00 Target Price Indicates -18.20% Potential

The Weir Group PLC is engaged in engineering businesses. The company has a market cap of 2.09 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.

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