Weir Group (LON:WEIR)‘s stock had its “neutral” rating reiterated by equities research analysts at Citigroup Inc. in a research note issued to investors on Monday, Analyst Ratings Network.com reports. They currently have a GBX 2,300 ($35.38) price target on the stock. Citigroup Inc.’s target price would suggest a potential upside of 10.31% from the stock’s previous close.
Weir Group (LON: WEIR) opened at 2091.00 on Monday. Weir Group has a 1-year low of GBX 1541.62 and a 1-year high of GBX 2490.00. The stock’s 50-day moving average is currently GBX 1763.. The company’s market cap is £4.437 billion.
A number of other firms have also recently commented on WEIR. Analysts at HSBC reiterated a “neutral” rating on shares of Weir Group in a research note to investors on Thursday. They now have a GBX 2,350 ($36.15) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Weir Group in a research note to investors on Tuesday, July 23rd. They now have a GBX 2,400 ($36.92) price target on the stock. Finally, analysts at Barclays Capital reiterated an “overweight” rating on shares of Weir Group in a research note to investors on Wednesday, July 17th. They now have a GBX 2,520 ($38.76) price target on the stock, up previously from GBX 2,405 ($36.99).
Two analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 2,331.42 ($35.86).
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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