J P Morgan Chase & Co Reaffirms Overweight Rating for Weir Group PLC (WEIR)
Weir Group PLC (LON:WEIR)‘s stock had its “overweight” rating reaffirmed by J P Morgan Chase & Co in a report released on Monday.
Several other research analysts have also weighed in on WEIR. Citigroup Inc. started coverage on shares of Weir Group PLC in a report on Tuesday, April 4th. They set a “buy” rating and a GBX 2,270 ($29.57) price objective for the company. HSBC Holdings plc reissued a “buy” rating and set a GBX 2,300 ($29.96) price objective on shares of Weir Group PLC in a report on Thursday, April 6th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a GBX 2,150 ($28.01) price objective on shares of Weir Group PLC in a report on Thursday, April 6th. Barclays PLC reissued an “overweight” rating and set a GBX 2,300 ($29.96) price objective on shares of Weir Group PLC in a report on Tuesday, April 11th. Finally, Credit Suisse Group reissued an “outperform” rating and set a GBX 2,100 ($27.36) price objective on shares of Weir Group PLC in a report on Wednesday, April 19th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 1,915.79 ($24.96).
Shares of Weir Group PLC (LON WEIR) traded down 0.74% during trading on Monday, hitting GBX 1885.00. 1,277,150 shares of the company were exchanged. The stock’s market cap is GBX 4.10 billion. Weir Group PLC has a 12 month low of GBX 1,379.00 and a 12 month high of GBX 2,096.00. The company’s 50-day moving average price is GBX 1,813.54 and its 200 day moving average price is GBX 1,906.91.
In other news, insider Jon Stanton bought 11,909 shares of the company’s stock in a transaction dated Thursday, April 27th. The shares were acquired at an average cost of GBX 1,988 ($25.90) per share, with a total value of £236,750.92 ($308,430.07).
About Weir Group PLC
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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