Weir Group PLC (WEIR) Given “Buy” Rating at Canaccord Genuity
Weir Group PLC (LON:WEIR)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity in a research note issued to investors on Monday. They presently have a GBX 2,200 ($28.94) price objective on the stock. Canaccord Genuity’s price target would suggest a potential upside of 10.33% from the stock’s current price.
Several other equities research analysts have also recently issued reports on WEIR. J P Morgan Chase & Co reissued an “overweight” rating on shares of Weir Group PLC in a research report on Monday, July 24th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 2,220 ($29.20) price objective on shares of Weir Group PLC in a research report on Thursday, October 12th. Peel Hunt boosted their price objective on shares of Weir Group PLC from GBX 2,100 ($27.62) to GBX 2,300 ($30.25) and gave the company a “buy” rating in a research report on Tuesday, October 31st. Credit Suisse Group reissued an “outperform” rating on shares of Weir Group PLC in a research report on Friday, October 13th. Finally, Numis Securities Ltd cut shares of Weir Group PLC to a “hold” rating and set a GBX 2,025 ($26.63) price objective for the company. in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Weir Group PLC has an average rating of “Buy” and an average price target of GBX 2,088.75 ($27.47).
Weir Group PLC (WEIR) opened at GBX 1,994 ($26.23) on Monday. Weir Group PLC has a 52 week low of GBX 1,696 ($22.31) and a 52 week high of GBX 2,154 ($28.33).
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In other news, insider Barbara Jeremiah acquired 250 shares of Weir Group PLC stock in a transaction that occurred on Tuesday, November 7th. The stock was purchased at an average price of GBX 2,016 ($26.52) per share, for a total transaction of £5,040 ($6,628.96). Also, insider Christopher Morgan sold 464 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of GBX 1,824 ($23.99), for a total transaction of £8,463.36 ($11,131.61).
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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