The Weir Group PLC’s (WEIR) Buy Rating Reaffirm at Deutsche Bank AG

The Weir Group PLC’s (WEIR) Buy Rating Reaffirm at Deutsche Bank AG

Weir Group PLC (LON:WEIR)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank AG in a report issued on Wednesday. They presently have a GBX 1,976 ($24.69) price target on the stock. Deutsche Bank AG’s target price indicates a potential upside of 9.53% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Goldman Sachs Group Inc. reiterated a “buy” rating and set a GBX 1,750 ($21.86) target price on shares of Weir Group PLC in a report on Wednesday, July 27th. HSBC raised their price target 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 raised their price target 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. Barclays PLC raised their price target on shares of Weir Group PLC from GBX 1,150 ($14.37) to GBX 1,400 ($17.49) and gave the company an “equal weight” rating in a report on Friday, July 29th. Finally, Canaccord Genuity raised their price target 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. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,396.83 ($17.45).

Shares of 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. Weir Group PLC has a 52 week low of GBX 764.50 and a 52 week high of GBX 1,825.00. The firm has a 50-day moving average price of GBX 1,724.46 and a 200 day moving average price of GBX 1,506.17. The firm’s market capitalization is GBX 3.86 billion.

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