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Weir Group PLC 22.2% Potential Upside Indicated by JP Morgan Cazenove

Weir Group PLC using EPIC/TICKER code (LON:WEIR) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at JP Morgan Cazenove. Weir Group PLC are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set their target price at 1940 GBX on its stock. This now indicates the analyst believes there is a possible upside of 22.2% from the opening price of 1587.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 116.5 points and decreased 347 points respectively. The 52 week high for the stock is 2333 GBX while the year low stock price is currently 1354.5 GBX.

Weir Group PLC has a 50 day moving average of 1,699.38 GBX and a 200 Day Moving Average share price is recorded at 1,968.57. There are currently 259,432,052 shares in issue with the average daily volume traded being 2,164,835. Market capitalisation for LON:WEIR is £4,157,398,489 GBP.