Credit Suisse Group AG Lowers Weir Group PLC (WEIR) Price Target to GBX 2,100
Weir Group PLC (LON:WEIR) had its price objective cut by Credit Suisse Group AG from GBX 2,200 ($27.69) to GBX 2,100 ($26.43) in a report issued on Monday. They currently have an outperform rating on the stock.
Several other analysts have also recently issued reports on WEIR. Numis Securities Ltd reissued a hold rating and set a GBX 1,600 ($20.14) price target on shares of Weir Group PLC in a research report on Wednesday, November 2nd. BNP Paribas increased their price target on shares of Weir Group PLC from GBX 2,000 ($25.17) to GBX 2,200 ($27.69) and gave the stock an outperform rating in a research report on Friday, February 10th. Goldman Sachs Group Inc reissued a buy rating and set a GBX 2,150 ($27.06) price target on shares of Weir Group PLC in a research report on Thursday, February 16th. Barclays PLC reduced their price target on shares of Weir Group PLC from GBX 1,650 ($20.77) to GBX 1,600 ($20.14) and set an equal weight rating on the stock in a research report on Wednesday, November 2nd. Finally, Panmure Gordon reissued a sell rating and set a GBX 750 ($9.44) price target on shares of Weir Group PLC in a research report on Thursday, February 23rd. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 1,868.82 ($23.52).
Weir Group PLC (LON:WEIR) traded down 0.72% during mid-day trading on Monday, reaching GBX 1922.00. 979,731 shares of the company’s stock traded hands. Weir Group PLC has a 12-month low of GBX 1,095.00 and a 12-month high of GBX 2,060.00. The stock’s market capitalization is GBX 4.18 billion. The stock has a 50-day moving average price of GBX 1,916.53 and a 200-day moving average price of GBX 1,871.50.
The firm also recently announced a dividend, which will be paid on Monday, June 5th. Stockholders of record on Thursday, April 27th will be given a dividend of GBX 29 ($0.37) per share. The ex-dividend date of this dividend is Thursday, April 27th. This is a positive change from Weir Group PLC’s previous dividend of $15.00. This represents a dividend yield of 1.46%.
In other news, insider Christopher Morgan sold 933 shares of the firm’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of GBX 1,936 ($24.37), for a total transaction of £18,062.88 ($22,734.90). Also, insider John Heasley bought 1,211 shares of the stock in a transaction dated Monday, March 27th. The shares were acquired at an average price of GBX 1,843 ($23.20) per share, for a total transaction of £22,318.73 ($28,091.54).
Weir Group PLC Company Profile
The Weir Group PLC is a United Kingdom-based company, which is engaged in engineering businesses. The Company’s business operates through three segments: Minerals, Oil & Gas, and Flow Control. The 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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