Weir Group PLC 38.7% potential upside indicated by RBC Capital Markets

Weir Group PLC with ticker (LON:WEIR) now has a potential upside of 38.7% according to RBC Capital Markets.



RBC Capital Markets set a target price of 2,400 GBX for the company, which when compared to the Weir Group PLC share price of 1,730 GBX at opening today (28/06/2023) indicates a potential upside of 38.7%. Trading has ranged between 1,312 (52 week low) and 2,072 (52 week high) with an average of 450,142 shares exchanging hands daily. The market capitalisation at the time of writing is £4,554,892,540.

The Weir Group PLC is a United Kingdom-based mining technology company, which is engaged in engineering businesses. The Company’s business operates through two segments: Minerals and ESCO. The Minerals segment includes engineering, manufacturing and service processing technology used in abrasive, high-wear mining applications. Its differentiated technology is also used in infrastructure and general industrial markets. The ESCO segment provides ground engaging tools (GET) for large mining machines. It also provides engineered GET solutions to infrastructure markets, including construction, dredging and sand and aggregates. It offers a range of slurry transport and pumping solutions, mine dewatering systems, crushing and grinding equipment’s, wear lining solutions, mill lining systems, and tailings and pipeline solutions across mining and aggregates industries. The Company offers its products across various brands, including Warman, Geho, Enduron, Linatex, Cavex, Trio and Motion Metrics.