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A statement released earlier today by Credit Suisse about Weir Group PLC (LON:WEIR) bumps the target price to 1,800.00GBX

Credit Suisse raised the price target of Weir Group PLC (LON:WEIR) to 1,800GBX, indicating a possible upside of 0.32%.

Previously on 9/19/2016, JP Morgan Cazenove reported on Weir Group PLC(LON:WEIR) raised the target price from 1,220.00GBX to 1,775.00GBX. At the time, this indicated a possible upside of 0.31%.

Only yesterday Weir Group PLC (LON:WEIR) traded 1.72% higher at 1,359.00GBX. The company’s 50-day average is 1,535.06GBX and its two hundred day average is 1,307.03GBX. The last stock close is up 17.52% from the 200-day moving average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the date range. Trade volume was up over the average, with 1,955,579 shares of WEIR changing hands over the typical 1,274,090 shares..

See Graphic Below:

Weir Group PLC (LON:WEIR)

Weir Group PLC has a one-year low of 764.50GBX and a one-year high of 1,646.00GBX and has a market cap of 0.0 GBX.

In addition to Credit Suisse reporting it’s price target, a total of 16 firms have issued a ratings update on the stock. The 12-month target is 1,110.25GBX with 0 rating the company a strong buy, five analysts rating the company a buy, five analyts rating the stock a hold, five brokerages rating the company to underperform, and finally three analystsrating the stock as sell.

Brief Synopsis About Weir Group PLC (LON:WEIR)

The Weir Group PLC is engaged in engineering businesses. The Company operates through three segments: Minerals, Oil & Gas, and Power & Industrial. 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. The Oil & Gas segment provides products and service solutions to upstream, production, transportation, refining and related industries. The Power & Industrial segment designs and manufactures valves, pumps and turbines, and provides specialist support services to the power generation, industrial, and oil and gas sectors. Its brands include Warman, GEHO, Linatex, Vulco, Cavex, Enduron, Trio, SPM, Seaboard, Mathena, Novatech, Gabbioneta, Hopkinsons, Atwood & Morrill, and Sarasin-RBSD and Blakeborough.

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