Weir Group Rating Reiterated by Societe Generale (WEIR)

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Weir Group (LON:WEIR)‘s stock had its “sell” rating reiterated by analysts at Societe Generale in a research report issued to clients and investors on Monday, Analyst Ratings Network.com reports. They currently have a GBX 1,800 ($29.55) price target on the stock. Societe Generale’s target price points to a potential downside of 15.77% from the stock’s previous close.

Weir Group (LON:WEIR) opened at 2215.00 on Monday. Weir Group has a 1-year low of GBX 1920.00 and a 1-year high of GBX 2490.00. The stock has a 50-day moving average of GBX 2102. and a 200-day moving average of GBX 2200.. The company’s market cap is £4.714 billion.

WEIR has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Weir Group in a research note to investors on Monday, January 13th. They now have a GBX 2,210 ($36.28) price target on the stock. Separately, analysts at Investec reiterated an “add” rating on shares of Weir Group in a research note to investors on Monday, January 13th. They now have a GBX 2,250 ($36.93) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Weir Group in a research note to investors on Tuesday, January 7th. They now have a GBX 2,600 ($42.68) price target on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Weir Group currently has a consensus rating of “Buy” and a consensus price target of GBX 2,309.84 ($37.92).

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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