Today: The Barclays PLC Trims Weir Group PLC (WEIR) Target Price to GBX 1,600

The Barclays PLC Trims Weir Group PLC (WEIR) Target Price to GBX 1,600

Weir Group PLC (LON:WEIR) had its price objective reduced by equities research analysts at Barclays PLC from GBX 1,650 ($20.61) to GBX 1,600 ($19.99) in a report issued on Wednesday. The brokerage currently has an “equal weight” rating on the stock. Barclays PLC’s price target would suggest a potential downside of 11.26% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Goldman Sachs Group Inc. restated a “buy” rating and issued a GBX 1,750 ($21.86) target price on shares of Weir Group PLC in a report on Wednesday, July 27th. HSBC upped their target price on shares of Weir Group PLC from GBX 1,500 ($18.74) to GBX 1,750 ($21.86) and gave the company a “buy” rating in a report on Tuesday, August 16th. Morgan Stanley upped their target price on shares of Weir Group PLC from GBX 1,200 ($14.99) to GBX 1,380 ($17.24) and gave the company an “equal weight” rating in a report on Friday, August 5th. Canaccord Genuity upped their target price on shares of Weir Group PLC from GBX 1,200 ($14.99) to GBX 1,325 ($16.55) and gave the company a “hold” rating in a report on Friday, July 8th. Finally, Numis Securities Ltd restated a “hold” rating and issued a GBX 1,400 ($17.49) target price on shares of Weir Group PLC in a report on Friday, July 29th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 1,396.83 ($17.45).

Weir Group PLC (LON:WEIR) traded down 0.5513% during mid-day trading on Wednesday, reaching GBX 1802.9327. 451,271 shares of the company traded hands. The firm’s market capitalization is GBX 3.86 billion. Weir Group PLC has a 52 week low of GBX 764.50 and a 52 week high of GBX 1,825.00. The stock’s 50 day moving average price is GBX 1,724.46 and its 200 day moving average price is GBX 1,506.17.

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