London: Weir Group (LON:WEIR) Stock Has Just Had Its “Sector Perform” Rating Reiterated by RBC Capital Markets. Shares now Have a GBX 1200 Target


Weir Group (LON:WEIR) Rating Reaffirmed

RBC Capital Markets now has a GBX 1200 target price per share on shares of Weir Group (LON:WEIR). The target price per share suggests a potential upside of 17.19% from the previous close of Weir Group (LON:WEIR). This rating was shown in an analyst note on 8 December.

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 25.65% above today’s (GBX 1020) stock price. Weir Group PLC was the topic of 67 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 1 with “Sector Perform” 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 284,551 shares of stock traded hands. Weir Group PLC (LON:WEIR) has declined 45.54% since May 11, 2015 and is downtrending. It has underperformed by 44.95% the S&P500.

London: Weir Group (LON:WEIR) Stock Has Just Had Its

The Weir Group PLC is engaged in engineering businesses. The company has a market cap of 2.17 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.