Weir Group PLC 7.7% Potential Upside Indicated by HSBC

Broker Ratings
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Weir Group PLC using EPIC/TICKER code (LON:WEIR) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘HOLD’ today by analysts at HSBC. Weir Group PLC are listed in the Industrials sector within UK Main Market. HSBC have set a target price of 985 GBX on its stock. This is indicating the analyst believes there is a potential upside of 7.7% from today’s opening price of 914.6 GBX. Over the last 30 and 90 trading days the company share price has increased 25.2 points and decreased 481.4 points respectively. The 52 week high for the share price is currently at 1640 GBX while the year low share price is currently 608.6 GBX.

Weir Group PLC has a 50 day moving average of 932.56 GBX and a 200 day moving average of 1,315.68. There are currently 259,612,052 shares in issue with the average daily volume traded being 1,646,830. Market capitalisation for LON:WEIR is £2,388,950,134 GBP.

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