Could Weir Group PLC See a Reversal After This Very Strong Session?

 Could Weir Group PLC See a Reversal After This Very Strong Session?

The stock of Weir Group PLC (LON:WEIR) is a huge mover today! The stock increased 0.06% or GBX 1.05 on November 24, hitting GBX 1810.05. About 410,253 shares traded hands. Weir Group PLC (LON:WEIR) has risen 56.35% since April 26, 2016 and is uptrending. It has outperformed by 50.94% the S&P500.
The move comes after 6 months positive chart setup for the GBX 3.95B company. It was reported on Nov, 24 by Barchart.com. We have GBX 1864.35 PT which if reached, will make LON:WEIR worth GBX 118.50 million 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 159 analyst reports since July 30, 2015 according to StockzIntelligence Inc. As per Thursday, February 25, the company rating was maintained by JP Morgan. The rating was maintained by Credit Suisse with “Outperform” on Tuesday, October 6. The firm earned “Sell” rating on Wednesday, February 24 by Liberum Capital. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, September 4. The stock has “Outperform” rating given by BNP Paribas on Wednesday, July 13. Espirito Santo Execution maintained the stock with “Neutral” rating in Thursday, July 30 report. BNP Paribas maintained it with “Outperform” rating and GBX 1650 target price in Friday, July 29 report. The firm earned “Underperform” rating on Monday, August 1 by RBC Capital Markets. The stock has “Hold” rating given by Numis Securities on Friday, February 12. RBC Capital Markets maintained the shares of WEIR in a report on Wednesday, August 5 with “Sector Perform” rating.

More news for Weir Group PLC (LON:WEIR) were recently published by: Fool.Co.Uk, which released: “Should you buy BT Group plc, Schroders plc and Weir Group plc after today’s …” on July 28, 2016. Moodys.com‘s article titled: “Moody’s downgrades Weir to Baa3; outlook negative” and published on February 29, 2016 is yet another important article.

The Weir Group PLC is engaged in engineering businesses. The company has a market cap of 3.95 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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