Weir Group PLC (LON:WEIR) Earns Buy Rating from Deutsche Bank AG
Weir Group PLC (LON:WEIR)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank AG in a research note issued to investors on Monday.
Other equities analysts have also issued research reports about the company. Numis Securities Ltd reissued a ” hold” rating and set a GBX 1,900 ($24.61) price objective on shares of Weir Group PLC in a research note on Friday, April 28th. HSBC Holdings plc reissued a “buy” rating and set a GBX 2,300 ($29.79) price objective on shares of Weir Group PLC in a research note on Thursday, April 6th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a GBX 2,150 ($27.85) price objective on shares of Weir Group PLC in a research note on Thursday, April 6th. Citigroup Inc. assumed coverage on Weir Group PLC in a research report on Tuesday, April 4th. They issued a “buy” rating and a GBX 2,270 ($29.40) target price on the stock. Finally, Peel Hunt restated a “hold” rating and issued a GBX 2,000 ($25.91) target price on shares of Weir Group PLC in a research report on Monday, June 12th. Five research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 1,902.50 ($24.64).
Shares of Weir Group PLC (WEIR) opened at 1780.00 on Monday. The company’s 50-day moving average price is GBX 1,829.73 and its 200 day moving average price is GBX 1,909.24. Weir Group PLC has a 12-month low of GBX 1,225.62 and a 12-month high of GBX 2,096.00. The stock’s market cap is GBX 3.87 billion.
In other news, insider Jon Stanton bought 11,909 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The stock was purchased at an average cost of GBX 1,988 ($25.75) per share, with a total value of £236,750.92 ($306,672.18).
Weir Group PLC Company Profile
The Weir Group PLC is a United Kingdom-based company, which is engaged in engineering businesses. The Company’s business operates through three segments: Minerals, Oil & Gas, and Flow Control. 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.
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