Weir Group (WEIR) Receives GBX 2,313.21 Consensus Price Target from Analysts

Weir Group (LON:WEIR) has earned a consensus rating of “Buy” from the seventeen analysts that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 2,313.21 ($31.38).

Several equities analysts recently weighed in on WEIR shares. Goldman Sachs reissued a “buy” rating and issued a GBX 2,500 ($33.91) target price on shares of Weir Group in a research note on Monday, January 22nd. Citigroup reissued a “buy” rating and issued a GBX 2,570 ($34.86) target price on shares of Weir Group in a research note on Tuesday, February 13th. Numis Securities reissued a “hold” rating and issued a GBX 2,025 ($27.47) target price on shares of Weir Group in a research note on Wednesday, February 14th. Credit Suisse Group reissued a “neutral” rating and issued a GBX 2,200 ($29.84) target price on shares of Weir Group in a research note on Tuesday, February 13th. Finally, Jefferies Group raised shares of Weir Group to a “hold” rating and lifted their price objective for the stock from GBX 930 ($12.62) to GBX 2,270 ($30.79) in a research report on Thursday, February 22nd.

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Shares of Weir Group traded down GBX 25 ($0.34), hitting GBX 2,276 ($30.87), during midday trading on Thursday, Marketbeat.com reports. The stock had a trading volume of 1,300,755 shares, compared to its average volume of 1,360,000. Weir Group has a 12 month low of GBX 1,696 ($23.01) and a 12 month high of GBX 2,326 ($31.55).

The company also recently announced a dividend, which will be paid on Monday, June 4th. Stockholders of record on Thursday, April 26th will be issued a dividend of GBX 29 ($0.39) per share. The ex-dividend date of this dividend is Thursday, April 26th. This represents a dividend yield of 1.46%. This is an increase from Weir Group’s previous dividend of $15.00.

In other news, insider Christopher Morgan sold 2,091 shares of Weir Group stock in a transaction on Monday, April 23rd. The stock was sold at an average price of GBX 2,262 ($30.68), for a total transaction of 拢47,298.42 ($64,159.55). Also, insider Clare Chapman bought 456 shares of the company’s stock in a transaction dated Friday, May 4th. The shares were purchased at an average cost of GBX 2,180 ($29.57) per share, with a total value of 拢9,940.80 ($13,484.54).

About Weir Group

The Weir Group PLC designs, manufactures, and sells highly-engineered products and services worldwide. It operates through three segments: Minerals, Oil & Gas, and Flow Control. The Minerals segment engineers pumps, valves, rubber, crushers, screen media systems, screens, hose and pipe pools, centrifuges, pontoons and barges, hydrocyclones, wear linings, mill liners, feeders, conveyors, and washers; and offers slurry handling equipment and associated aftermarket support services for mining, and oil sands markets.

Analyst Recommendations for Weir Group (LON:WEIR)