Weir Group PLC 24.7% potential upside indicated by Barclays

Broker Ratings

Weir Group PLC with ticker (LON:WEIR) now has a potential upside of 24.7% according to Barclays.

Barclays set a target price of 1,980 GBX for the company, which when compared to the Weir Group PLC share price of 1,491 GBX at opening today (23/08/2022) indicates a potential upside of 24.7%. Trading has ranged between 1,321 (52 week low) and 1,937 (52 week high) with an average of 583,007 shares exchanging hands daily. The market capitalisation at the time of writing is £3,874,709,100.

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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