Weir Group PLC (WEIR) PT Raised to GBX 2,200 at Canaccord Genuity
Weir Group PLC (LON:WEIR) had its price target lifted by stock analysts at Canaccord Genuity from GBX 2,000 ($26.39) to GBX 2,200 ($29.03) in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 12.65% from the company’s previous close.
WEIR has been the subject of a number of other research reports. Citigroup Inc. reiterated a “buy” rating and issued a GBX 2,350 ($31.01) price target on shares of Weir Group PLC in a report on Tuesday, September 26th. Barclays PLC reiterated an “overweight” rating and issued a GBX 2,350 ($31.01) price target on shares of Weir Group PLC in a report on Thursday, August 17th. Peel Hunt upgraded Weir Group PLC to a “buy” rating and boosted their price target for the company from GBX 2,000 ($26.39) to GBX 2,100 ($27.71) in a report on Friday, August 25th. Deutsche Bank AG reiterated a “buy” rating on shares of Weir Group PLC in a report on Monday, July 10th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a GBX 2,400 ($31.67) price target on shares of Weir Group PLC in a report on Thursday, July 20th. 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 stock. Weir Group PLC has an average rating of “Buy” and an average target price of GBX 2,039.41 ($26.91).
In other news, insider Christopher Morgan sold 464 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of GBX 1,824 ($24.07), for a total transaction of £8,463.36 ($11,168.33).
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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