Weir Group PLC’s (WEIR) “Buy” Rating Reiterated at Deutsche Bank AG
Weir Group PLC (LON:WEIR)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank AG in a report issued on Monday. They currently have a GBX 2,220 ($29.28) target price on the stock. Deutsche Bank AG’s target price would suggest a potential upside of 22.58% from the stock’s previous close.
WEIR has been the topic of a number of other reports. Canaccord Genuity raised their target price on Weir Group PLC from GBX 1,650 ($21.76) to GBX 1,800 ($23.74) and gave the company a “sell” rating in a research report on Friday, April 28th. Investec restated a “sell” rating and set a GBX 1,600 ($21.11) target price on shares of Weir Group PLC in a research report on Tuesday, June 13th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of Weir Group PLC in a report on Monday, June 19th. Barclays PLC reiterated an “overweight” rating and issued a GBX 2,300 ($30.34) price objective on shares of Weir Group PLC in a report on Friday, July 7th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a GBX 2,400 ($31.66) price objective on shares of Weir Group PLC in a report on Thursday, July 20th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 1,958.33 ($25.83).
Shares of Weir Group PLC (LON:WEIR) traded down 0.77% during trading on Monday, hitting GBX 1797.00. The stock had a trading volume of 579,881 shares. Weir Group PLC has a 12-month low of GBX 1,400.72 and a 12-month high of GBX 2,096.00. The firm has a 50 day moving average price of GBX 1,816.25 and a 200 day moving average price of GBX 1,899.88. The firm’s market cap is GBX 3.92 billion.
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In other Weir Group PLC news, insider Jon Stanton sold 11,909 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of GBX 1,920 ($25.33), for a total value of £228,652.80 ($301,612.98).
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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