Weir Group (LON:WEIR): RBC Capital Markets Keeps “Sector Perform” Rating Today, Has a Target of GBX 1200/Share


Weir Group (LON:WEIR) Rating Reaffirmed

RBC Capital Markets now has a GBX 1200 target on the 2.08 billion GBP market cap company or 23.78% upside potential. In a recent research report finalized on Tuesday, 15 December, Weir Group (LON:WEIR) shares have had their “Sector Perform” Rating reiterated by expert analysts at RBC Capital Markets.

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 30.83% above today’s (GBX 974) stock price. Weir Group PLC was the topic of 71 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Nomura maintained shares on December 15 with “Neutral” rating. Liberum Capital maintained shares with “Sell” rating and GBX 1000 target share price in a report from a November 13. Barclays Capital maintained WEIR stock in a recent report from December 9 with “Equal Weight” 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 118,836 shares of stock traded hands. Weir Group PLC (LON:WEIR) has declined 50.44% since May 18, 2015 and is downtrending. It has underperformed by 46.76% the S&P500.

Weir Group (LON:WEIR): RBC Capital Markets Keeps

The Weir Group PLC is engaged in engineering businesses. The company has a market cap of 2.08 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.