Is there a Bearish outlook for The Weir Group PLC (LON:WEIR) this week?

August 9, 2018 - By Lisa Delgado

The Weir Group PLC (LON:WEIR) Logo

The Weir Group PLC (LON:WEIR) Ratings Coverage

Among 15 analysts covering Weir Group PLC (LON:WEIR), 9 have Buy rating, 0 Sell and 6 Hold. Therefore 60% are positive. Weir Group PLC had 41 analyst reports since February 13, 2018 according to SRatingsIntel. The rating was maintained by BNP Paribas with “Neutral” on Monday, June 11. Numis Securities upgraded it to “Add” rating and GBX 2200 target in Thursday, March 1 report. The stock has “Buy” rating by Liberum Capital on Friday, June 8. The firm has “Buy” rating given on Monday, August 6 by UBS. The firm has “Buy” rating given on Monday, July 2 by Liberum Capital. The company was maintained on Monday, July 9 by Barclays Capital. Morgan Stanley maintained it with “Equal Weight” rating and GBX 2130 target in Monday, March 5 report. The stock of The Weir Group PLC (LON:WEIR) has “Buy” rating given on Tuesday, July 31 by Liberum Capital. The rating was upgraded by Barclays Capital on Tuesday, May 15 to “Top Pick”. Investec upgraded The Weir Group PLC (LON:WEIR) on Thursday, March 15 to “Hold” rating. Below is a list of The Weir Group PLC (LON:WEIR) latest ratings and price target changes.

06/08/2018 Broker: UBS Rating: Buy Old Target: GBX 2500.00 New Target: GBX 2400.00 Unchanged
03/08/2018 Broker: UBS Rating: Buy Old Target: GBX 2500.00 Maintain
01/08/2018 Broker: Numis Securities Rating: Hold Old Target: GBX 2350.00 New Target: GBX 2100.00 Maintain
01/08/2018 Broker: Deutsche Bank Rating: Buy Maintain
31/07/2018 Broker: Liberum Capital Rating: Buy Old Target: GBX 2400.00 Maintain
11/07/2018 Broker: HSBC Rating: Buy Old Target: GBX 2300.00 New Target: GBX 2700.00 Maintain
09/07/2018 Broker: Barclays Capital Rating: Overweight Old Target: GBX 2600.00 New Target: GBX 2600.00 Maintain
09/07/2018 Broker: UBS Rating: Buy Old Target: GBX 2170.00 New Target: GBX 2500.00 Upgrade
09/07/2018 Broker: RBC Capital Markets Rating: Top Pick Upgrade
02/07/2018 Broker: Liberum Capital Rating: Buy Old Target: GBX 2400.00 Maintain

The stock increased 0.03% or GBX 0.5 during the last trading session, reaching GBX 1938. About 229,003 shares traded. The Weir Group PLC (LON:WEIR) has 0.00% since August 9, 2017 and is . It has underperformed by 12.57% the S&P500.

The Weir Group PLC designs, manufactures, and sells highly-engineered services and products worldwide. The company has market cap of 5.02 billion GBP. The firm operates in three divisions: Minerals, Oil & Gas, and Flow Control. It has a 26.51 P/E ratio. The Minerals segment engineers pumps, valves, cyclones, crushers, high pressure grinding rolls, rubber, and other solutions; and provides slurry handling equipment and associated aftermarket support services for mining, sand and aggregates, and oil sands markets.

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