Weir Group Rating Reiterated by Societe Generale (WEIR)

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Weir Group (LON:WEIR)‘s stock had its “sell” rating reaffirmed by research analysts at Societe Generale in a report released on Thursday, AmericanBankingNews.com reports.

WEIR has been the subject of a number of other recent research reports. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Weir Group in a research note to investors on Wednesday. They now have a GBX 2,600 ($42.73) price target on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Weir Group in a research note to investors on Monday. They set a “buy” rating and a GBX 2,500 ($41.08) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Weir Group in a research note to investors on Monday. They now have a GBX 2,210 ($36.32) price target on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 2,336.59 ($38.40).

Weir Group (LON:WEIR) opened at 2159.00 on Thursday. Weir Group has a 1-year low of GBX 2020.9999 and a 1-year high of GBX 2490.00. The stock has a 50-day moving average of GBX 2118.58 and a 200-day moving average of GBX 2200.. The company’s market cap is £4.594 billion.

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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