Weir Group PLC (WEIR) Earns Buy Rating from Peel Hunt
Weir Group PLC (LON:WEIR)‘s stock had its “buy” rating reaffirmed by equities researchers at Peel Hunt in a note issued to investors on Friday. They presently have a GBX 2,100 ($27.12) target price on the stock. Peel Hunt’s price objective suggests a potential upside of 20.62% from the company’s current price.
WEIR has been the subject of a number of other research reports. Deutsche Bank AG reiterated a “buy” rating on shares of Weir Group PLC in a research report on Monday, July 10th. Barclays PLC reiterated an “overweight” rating and set a GBX 2,350 ($30.35) price objective on shares of Weir Group PLC in a research report on Monday, August 7th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of Weir Group PLC in a research report on Monday, July 24th. Canaccord Genuity upgraded Weir Group PLC to a “buy” rating and set a GBX 2,000 ($25.83) price objective for the company in a research report on Tuesday, September 5th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a GBX 2,400 ($31.00) price objective on shares of Weir Group PLC in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. Weir Group PLC currently has an average rating of “Buy” and a consensus target price of GBX 2,019.41 ($26.08).
Shares of Weir Group PLC (LON:WEIR) traded down 3.01% on Friday, hitting GBX 1741.00. 1,404,092 shares of the stock traded hands. Weir Group PLC has a 12 month low of GBX 1,505.00 and a 12 month high of GBX 2,096.00. The company’s market cap is GBX 3.79 billion. The firm’s 50 day moving average is GBX 1,789.51 and its 200-day moving average is GBX 1,855.63.
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In other news, insider Christopher Morgan sold 464 shares of Weir Group PLC stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of GBX 1,824 ($23.56), for a total value of £8,463.36 ($10,930.34).
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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