JP Morgan Cazenove reiterated Weir Group PLC (LON:WEIR) to Overweight in a statement released earlier today.
- Updated: October 1, 2016
JP Morgan Cazenove has reiterated Weir Group PLC (LON:WEIR) to Overweight in a report released on Thursday September 29, 2016.
Previously on 9/20/2016, Credit Suisse reported about Weir Group PLC (LON:WEIR) raised the target price from 0.00GBX to 1,800.00GBX. At the time, this indicated a possible upside of 0.32%.
Yesterday Weir Group PLC (LON:WEIR) traded 2.53% higher at 1,644.00GBX. The company’s 50-day moving average is 1,565.86GBX and its 200-day moving average is 1,338.67GBX. The last stock close price is up 26.99% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,761,273 shares of the stock were exchanged, up from an average trading volume of 1,234,080
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Weir Group PLC has a with a one year low of 764.50GBX and a one year high of 1,707.00GBX Weir Group PLC’s market cap is currently 0 GBX.
In addition to JP Morgan Cazenove reporting its target price, a total of 16 equity analysts have released a research note on the company. The average stock price target is 1,110.25GBX with zero analysts rating the company a strong buy, 5 brokers rating the stock a buy, five equity analysts rating the company a hold, 5 analysts rating the company a underperform, and lastly three brokerages rating the company a sell.
General Company Details For 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, Sarasin-RBSD and Blakeborough.
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