Weir Group PLC (WEIR) Given Average Recommendation of “Buy” by Analysts
Shares of Weir Group PLC (LON:WEIR) have earned a consensus recommendation of “Buy” from the seventeen analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 1,994 ($26.31).
A number of brokerages recently commented on WEIR. Deutsche Bank AG reissued a “buy” rating and set a GBX 2,220 ($29.30) price target on shares of Weir Group PLC in a research note on Thursday, October 12th. Credit Suisse Group reissued an “outperform” rating on shares of Weir Group PLC in a research note on Friday, October 13th. HSBC Holdings plc restated a “buy” rating and set a GBX 2,300 ($30.35) price objective on shares of Weir Group PLC in a research report on Friday, September 29th. Citigroup Inc. restated a “buy” rating and set a GBX 2,350 ($31.01) price objective on shares of Weir Group PLC in a research report on Tuesday, September 26th. Finally, Peel Hunt restated a “buy” rating and set a GBX 2,100 ($27.71) price objective on shares of Weir Group PLC in a research report on Friday, September 15th.
In related news, insider Christopher Morgan sold 464 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of GBX 1,824 ($24.07), for a total value of £8,463.36 ($11,168.33).
Weir Group PLC (WEIR) opened at 2115.00 on Friday. Weir Group PLC has a one year low of GBX 1,514.98 and a one year high of GBX 2,154.00. The stock’s market capitalization is GBX 4.61 billion. The company’s 50 day moving average price is GBX 1,938.97 and its 200-day moving average price is GBX 1,871.35.
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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