Weir Group (LON:WEIR)‘s stock had its “outperform” rating restated by stock analysts at BNP Paribas in a report issued on Wednesday, AnalystRatingsNetwork reports. They currently have a GBX 2,465 ($40.18) price target on the stock. BNP Paribas’ price objective would indicate a potential upside of 19.43% from the company’s current price.
Shares of Weir Group (LON:WEIR) opened at 2066.00 on Wednesday. Weir Group has a 1-year low of GBX 1753.0001 and a 1-year high of GBX 2490.00. The stock has a 50-day moving average of GBX 2163.13 and a 200-day moving average of GBX 2215.. The company’s market cap is £4.396 billion.
A number of other analysts have also recently weighed in on WEIR. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Weir Group in a research note to investors on Thursday, December 12th. They now have a GBX 2,210 ($36.02) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Weir Group in a research note to investors on Thursday, November 28th. They now have a GBX 2,600 ($42.38) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “buy” rating on shares of Weir Group in a research note to investors on Tuesday, November 19th. They now have a GBX 2,675 ($43.60) price target on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 2,313.34 ($37.71).
The Weir Group PLC operates in three segments: Minerals, Oil and Gas, and Power and Industrial. The Minerals segment designs and manufactures pumps, hydrocyclones, valves and other complementary equipment for the mining, flue gas desulphurisation and oil sands markets.
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