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Weir Group PLC 9.7% Potential Decrease Indicated by Shore Capital

Weir Group PLC using EPIC/TICKER code (LON:WEIR) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘SELL’ this morning by analysts at Shore Capital. Weir Group PLC are listed in the Industrials sector within UK Main Market. Shore Capital have set their target price at 1268 GBX on its stock. This would indicate that the analyst believes there is a downside of -9.7% from today’s opening price of 1403.5 GBX. Over the last 30 and 90 trading days the company share price has increased 58 points and increased 70 points respectively. The 1 year high share price is 1819.72 GBX while the 52 week low is 1222.5 GBX.

Weir Group PLC has a 50 day moving average of 1,446.02 GBX and a 200 Day Moving Average share price is recorded at 1,535.69. There are currently 259,612,052 shares in issue with the average daily volume traded being 1,302,944. Market capitalisation for LON:WEIR is £3,803,316,561 GBP.