Weir Group PLC (WEIR) Stock Rating Reaffirmed by BNP Paribas

Weir Group PLC (LON:WEIR)‘s stock had its “outperform” rating reiterated by equities research analysts at BNP Paribas in a research report issued on Tuesday. They presently have a GBX 2,300 ($30.03) price target on the stock. BNP Paribas’ target price would indicate a potential upside of 16.28% from the company’s current price.

A number of other equities research analysts have also recently weighed in on WEIR. Citigroup Inc. started coverage on Weir Group PLC in a research note on Tuesday, April 4th. They issued a “buy” rating and a GBX 2,270 ($29.64) price target on the stock. HSBC Holdings plc restated a “buy” rating and issued a GBX 2,300 ($30.03) price target on shares of Weir Group PLC in a research note on Thursday, April 6th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a GBX 2,150 ($28.08) price target on shares of Weir Group PLC in a research note on Thursday, April 6th. Barclays PLC restated an “overweight” rating and issued a GBX 2,300 ($30.03) price target on shares of Weir Group PLC in a research note on Tuesday, April 11th. Finally, Credit Suisse Group restated an “outperform” rating and issued a GBX 2,100 ($27.42) price target on shares of Weir Group PLC in a research note on Wednesday, April 19th. Five analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,913.16 ($24.98).

Weir Group PLC (LON WEIR) opened at 1968.00 on Tuesday. The company’s 50-day moving average is GBX 1,829.73 and its 200-day moving average is GBX 1,909.24. The company’s market cap is GBX 4.28 billion. Weir Group PLC has a 12 month low of GBX 1,379.00 and a 12 month high of GBX 2,096.00.

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In related news, insider Jon Stanton purchased 11,909 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The shares were bought at an average price of GBX 1,988 ($25.96) per share, for a total transaction of £236,750.92 ($309,155.03).

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.

Analyst Recommendations for Weir Group PLC (LON:WEIR)

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