Today: Today, Weir Group PLC’s (WEIR) Hold Rating Reiterate at Societe Generale

Today, Weir Group PLC’s (WEIR) Hold Rating Reiterate at Societe Generale

Weir Group PLC (LON:WEIR)‘s stock had its “hold” rating reissued by Societe Generale in a report issued on Wednesday. They presently have a GBX 1,620 ($20.10) price objective on the stock, up from their previous price objective of GBX 900 ($11.16). Societe Generale’s price target would suggest a potential downside of 10.15% from the company’s previous close.

Several other analysts have also issued reports on WEIR. Goldman Sachs Group Inc. lowered Weir Group PLC to a “buy” rating in a research note on Wednesday, July 6th. Canaccord Genuity boosted their price objective on Weir Group PLC from GBX 1,200 ($14.89) to GBX 1,325 ($16.44) and gave the company a “hold” rating in a research note on Friday, July 8th. BNP Paribas boosted their price objective on Weir Group PLC from GBX 1,500 ($18.61) to GBX 1,650 ($20.47) and gave the company an “outperform” rating in a research note on Wednesday, July 13th. Panmure Gordon reiterated a “sell” rating and set a GBX 750 ($9.30) price objective on shares of Weir Group PLC in a research note on Thursday, July 14th. Finally, JPMorgan Chase & Co. boosted their price objective on Weir Group PLC from GBX 767 ($9.51) to GBX 1,220 ($15.13) and gave the company an “underweight” rating in a research note on Friday, July 29th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,396.83 ($17.33).

Weir Group PLC (LON:WEIR) traded down 0.94% during trading on Wednesday, reaching GBX 1787.00. The company’s stock had a trading volume of 912,683 shares. The company’s market cap is GBX 3.83 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 has a 50-day moving average price of GBX 1,724.64 and a 200 day moving average price of GBX 1,516.03.

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