The stock of Weir Group PLC (LON:WEIR) is a huge mover today! The stock increased 4.39% or GBX 75.69 on November 10, hitting GBX 1800.69. About 3.27M shares traded hands or 151.54% up from the average. Weir Group PLC (LON:WEIR) has risen 60.02% since April 12, 2016 and is uptrending. It has outperformed by 54.37% the S&P500.
The move comes after 8 months positive chart setup for the GBX 3.92B company. It was reported on Nov, 10 by Barchart.com. We have GBX 2394.92 PT which if reached, will make LON:WEIR worth GBX 1.29 billion more.
Weir Group PLC (LON:WEIR) Ratings Coverage
Out of 22 analysts covering Weir Group PLC (LON:WEIR), 7 rate it a “Buy”, 5 “Sell”, while 10 “Hold”. This means 32% are positive. Weir Group PLC has been the topic of 157 analyst reports since July 30, 2015 according to StockzIntelligence Inc. JP Morgan maintained the shares of WEIR in a report on Thursday, January 28 with “Underweight” rating. On Tuesday, August 16 the stock rating was maintained by HSBC with “Buy”. As per Monday, August 3, the company rating was upgraded by Investec. The stock of Weir Group PLC (LON:WEIR) has “Buy” rating given on Wednesday, November 2 by Deutsche Bank. As per Wednesday, February 24, the company rating was maintained by Liberum Capital. Credit Suisse maintained the stock with “Outperform” rating in Tuesday, October 4 report. The company was maintained on Friday, July 31 by Panmure Gordon. As per Thursday, February 25, the company rating was maintained by Beaufort Securities. Morgan Stanley maintained it with “Equalwt/In-Line” rating and GBX 1100 target price in Thursday, March 10 report. Goldman Sachs maintained Weir Group PLC (LON:WEIR) rating on Monday, October 19. Goldman Sachs has “Buy” rating and GBX 1550 price target.
Another recent and important Weir Group PLC (LON:WEIR) news was published by Fool.Co.Uk which published an article titled: “Should you buy BT Group plc, Schroders plc and Weir Group plc after today’s …” on July 28, 2016.
The Weir Group PLC is engaged in engineering businesses. The company has a market cap of 3.92 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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