Barclays Capital Kept Weir Group PLC (LON:WEIR) As Equal weight; Has Price Objective Of GBX 1030.00

Weir Group PLC (LON:WEIR) Rating

In a report revealed to investors and clients on Tuesday, 12 April, Weir Group PLC (LON:WEIR) stock Equal weight was maintained by Analysts at Barclays Capital. They currently have a GBX 1030.00 target price per share on the stock. Barclays Capital’s target price per share indicates a potential downside of -1.95% from the company’s previous stock close.

Out of 20 analysts covering Weir Group PLC (LON:WEIR), 4 rate it “Buy”, 7 “Sell”, while 10 “Hold”. This means 19% are positive. GBX 1350 is the highest target while GBX 700 is the lowest. The GBX 930.25 average target is 0.94% above today’s (GBX 1060) stock price. Weir Group PLC was the topic in 109 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock on April 12 with “Equal Weight” rating. Investec maintained it with “Hold” rating and GBX 750 target price in a March 2 report. Morgan Stanley maintained the shares of WEIR in a report on March 10 with “Equalwt/In-Line” rating. BNP Paribas maintained the firm’s rating on February 29. BNP Paribas has “Neutral” rating and GBX 865 price target. Finally, Goldman Sachs maintained the stock with “Buy” rating in a March 4 report.

About 52,314 shares traded hands. Weir Group PLC (LON:WEIR) has declined 16.40% since September 10, 2015 and is downtrending. It has underperformed by 21.06% the S&P500.

Barclays Capital Kept Weir Group PLC (LON:WEIR) As Equal weight; Has Price Objective Of GBX 1030.00

The Weir Group PLC is engaged in engineering businesses. The company has a market cap of 2.27 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.

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