Weir Group PLC (LON:WEIR) Rating Reaffirmed
The equities firm has just set a target price of GBX 1129.00 on Weir Group PLC (LON:WEIR) shares. This is 17.67% from the previous close. In an analyst research report issued to clients and investors on Tuesday, 15 December, Nomura reiterated their “Neutral” 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 32.71% above today’s (GBX 959.5) 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.
The stock closed the day at GBX 959.5 during the previous session. It is down 50.44% since May 18, 2015 and is downtrending. It has underperformed by 46.02% the S&P500.
The Weir Group PLC is engaged in engineering businesses. The company has a market cap of 2.05 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.