Weir Group PLC (WEIR) Receives “Overweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Weir Group PLC (LON:WEIR) in a report published on Thursday.

WEIR has been the subject of a number of other reports. Canaccord Genuity raised shares of Weir Group PLC to a hold rating and upped their price target for the company from GBX 880 ($11.49) to GBX 1,200 ($15.66) in a report on Tuesday, June 7th. Goldman Sachs Group Inc. cut their price objective on Weir Group PLC from GBX 1,750 ($22.84) to GBX 1,576 ($20.57) and set a buy rating on the stock in a report on Wednesday, September 7th. Panmure Gordon restated a sell rating and set a GBX 750 ($9.79) price objective on shares of Weir Group PLC in a report on Thursday, July 14th. Numis Securities Ltd restated a hold rating and set a GBX 1,400 ($18.27) price objective on shares of Weir Group PLC in a report on Friday, August 12th. Finally, Credit Suisse Group AG assumed coverage on Weir Group PLC in a report on Tuesday, September 20th. They set an outperform rating and a GBX 1,800 ($23.50) price objective on the stock. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Weir Group PLC has an average rating of Hold and a consensus target price of GBX 1,305.06 ($17.04).

Analyst Recommendations for Weir Group PLC (LON:WEIR)

Weir Group PLC (LON:WEIR) opened at 1671.00 on Thursday. Weir Group PLC has a 52-week low of GBX 764.50 and a 52-week high of GBX 1,680.00. The company’s 50-day moving average is GBX 1,561.11 and its 200-day moving average is GBX 1,334.49. The firm’s market capitalization is GBX 3.58 billion.

The business also recently announced a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, September 22nd will be given a dividend of GBX 15 ($0.20) per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a yield of 1.03%.

Weir Group PLC Company Profile

The Weir Group PLC is engaged in engineering businesses. The Company operates through three segments: Minerals, Oil & Gas, and Power & Industrial. 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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