Weir Group PLC (LON:WEIR) Investors: JP Morgan Cazenove Reconfirms “Overweight” Rating

Weir Group PLC (LON:WEIR) Rating

Today, Thursday morning, Weir Group PLC (LON:WEIR) stock “Overweight” was kept by JP Morgan Cazenove in analysts note.

Out of 20 analysts covering Weir Group (LON:WEIR), 8 rate it a “Buy”, 5 “Sell”, while 7 “Hold”. This means 40% are positive. GBX 2000 is the highest target while GBX 700 is the lowest. The GBX 1305.32 average target is -20.79% below today’s (GBX 1648) stock price. Weir Group has been the topic of 115 analyst reports since October 4, 2015 according to StockzIntelligence Inc. JP Morgan maintained the stock on September 29 with “Overweight” rating. JP Morgan upgraded it to “Overweight” rating and GBX 1775 target price in a September 19 report. Numis Securities maintained the shares of WEIR in a report on August 12 with “Hold” rating. RBC Capital Markets maintained the firm’s rating on August 1. RBC Capital Markets has “Underperform” rating and GBX 1200 price target. Lastly, Morgan Stanley maintained the stock with “Equal Weight” rating in an August 5 report.

About 498,320 shares traded hands. Weir Group PLC (LON:WEIR) has risen 64.50% since February 29, 2016 and is uptrending. It has outperformed by 53.25% the S&P500.

The Weir Group PLC is engaged in engineering businesses. The company has a market cap of 3.57 billion GBP. The Firm operates through three divisions: Minerals, Oil & Gas, and Power & Industrial. It currently has negative earnings. The Minerals segment is engaged in the provision of slurry handling equipment and associated aftermarket support for abrasive high wear applications used in the mining and oil sands markets.

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