Weir Group PLC -2.6% potential downside indicated by Peel Hunt Limited

Broker Ratings

Weir Group PLC with ticker (LON:WEIR) now has a potential downside of -2.6% according to Peel Hunt Limited.

Peel Hunt Limited set a target price of 1,950 GBX for the company, which when compared to the Weir Group PLC share price of 2,001 GBX at opening today (07/03/2023) indicates a potential downside of -2.6%. Trading has ranged between 1,312 (52 week low) and 2,072 (52 week high) with an average of 476,916 shares exchanging hands daily. The market capitalisation at the time of writing is £5,163,682,680.

The Weir Group PLC is a United Kingdom-based company, which is engaged in engineering businesses. The Company’s business operates through two segments: Minerals and ESCO. 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. 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 FusionCast.

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